Category Archives: Law

Enforcing Information Socialism

Business, Criminal Injustice, Law, Socialism, Trade

For violating laws enforcing information socialism, billionaire Raj Rajaratnam, innocent in natural law, could be incarcerated for decades. In their latest efforts to bring ruin to capital markets, SEC blood hounds have ensnared one of the country’s most powerful hedge-fund “impresarios.” MORE.

It’s easy to be thrown off scent when trying to divine the vague, ill-defined, unconstitutional laws under which the Securities and Exchange Commission hunts for corporate prey. Suffice it to say that the SEC operates with the understanding that competition in capital markets must proceed from a level playing field. All investors are entitled to the same information advantage irrespective of effort and abilities.

In a word, information socialism.

Rajaratnam had not violated the rights of other shareholders or potential buyers. There is no natural right to a guaranteed profit, nor is there a right to be shielded from losses. And there most certainly is no such right as a one that guarantees to the collective information the individual has worked hard to obtain and optimize.

Assange Dishes About Facebook

Business, Constitution, Government, Intelligence, Law, Technology, The State

In an interview with RT (Russia Today) Julian Assange claimed that Facebook “in particular, is the most appalling spying machine that has ever been invented. Here we have the world’s most comprehensive database about people, their relationships, their names, their addresses, their locations and the communications with each other, their relatives, all sitting within the United States, all accessible to US intelligence. Facebook, Google, Yahoo – all these major US organizations have built-in interfaces for US intelligence. It’s not a matter of serving a subpoena. They have an interface that they have developed for US intelligence to use.”

“Now, is it the case that Facebook is actually run by US intelligence? No, it’s not like that. It’s simply that US intelligence is able to bring to bear legal and political pressure on them. And it’s costly for them to hand out records one by one, so they have automated the process. Everyone should understand that when they add their friends to Facebook, they are doing free work for United States intelligence agencies in building this database for them.”

More than anything else Assange’s statement about the overweening nature of the American state. Most businesses capitulate for fear of prosecution.

Obscene Party Protests Porn-Law Laxity

Individual Rights, Law, Liberty, Regulation, Republicans

As if you didn’t already know this: America doesn’t have two parties, but one, big, obscene party. Today it was the Republican’s who protested a rare, Obama regulatory lapse: Omigod! The Obama administration is not enforcing obscenity laws against the porn industry.

After Attorney General Eric Holder recently shut down the Obscenity Prosecution Task Force, [Orrin] Hatch derided the move Friday in a statement to Politico.
“Attorney General Holder told the Judiciary Committee last year that this task force was the centerpiece of the strategy to combat adult obscenity,” Hatch told Politico. “Rather than initiate a single new case since President Obama took office, however, the only development in this area has been the dismantling of the task force. As the toxic waste of obscenity continues to spread and harm everyone it touches, it appears the Obama administration is giving up without a fight.”

If the Big, Obscene Party continues in its wastrel ways, pretty soon, the porn industry will be the only one standing. Although the work of porn is done lying down, the industry, I believe, is still standing thanks to the support of the American consumer.

Leave consenting adults to their own depravity.

UPDATED: An Egyptian Revolutionary Tribunal?

Democracy, Economy, Islam, Justice, Law, Middle East, Welfare

Former Egyptian president Hosni Mubarak suffered a heart attack in the course of an inquisition “investigating graft and abuse allegations.” Also on the public prosecutor’s docket: “violence against protesters.” (Link)

Expect Egyptian freedom fighters, many of whom are of the once-thwarted Muslim Brotherhood, to grow more restive as it becomes clear that “freedom” will not make manna fall from the heavens—especially since most Egyptians are not, as far as I know, demanding a liberalization of their economy.

The Egyptian court judging Mubarak will oblige the masses. It’ll masquerade as a court of law, but I suspect that this tribunal will more closely resemble the French Revolutionary Tribunal, meting justice by popular demand.

UPDATE: A “Day of Cleansing” is what the rebels are, ominously, calling the next stage of the Egyptian revolution.

During “the early days of the movement … Egyptians showered the Army with flowers and saw them as defenders of the people after tanks rolled into the streets to restore order after violent clashes with police.” It was not as though “hundreds to thousands of people have [not] been detained by the Army and tried in military courts without access to civilian lawyers. Yet until recently, such criticism of the Army had not been widespread.”

The people, it would seem, have changed their fickle minds.

The blood will flow, and still something will be amiss.

Why do you think that, bar the likes of the tea party, is it never real liberty that the majority wants?

Here’s why: Radicals, libertarians among them, believe that because all people seek safety and sustenance for themselves, they’ll allow those they dislike to peacefully pursue the same. These radicals are oblivious to reality. People are not naturally good. They want what is not theirs. Free up the Egyptian economy. Some will rise, others will fall.

A cry will then go out for a third party (the new government) to take from those who rose and give to those who fell.