Government

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April 10, 2026

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April 10, 2026

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"One of the most prevalent ideological mantras of Western capitalism is that the market should rule. But as the latest health and economic crises demonstrate, capitalists soon forget their worship of the market when times get tough. They scream for government money, and plenty of it. It turns out that “the market” is fine when it comes to whipping workers to accept lower wages, but when it comes to lower profits, the market can go hang. [...] Faced with the collapse of the capitalist economy, for the second time in a dozen years, with massive bankruptcies on the table and the stock market plunging by more than 30 percent and more to come, fervent advocates of the free market are now embracing government intervention to save their skins. [...] Governments around the world are now laying out money on things that just weeks ago they would have attacked as unaffordable. [...] It’s not that governments have suddenly discovered a big pot of gold in the basement of the . They say that they are taking these measures to both protect and to save the economy. But it’s obvious which takes priority. The new measures constitute the largest bailout bonanza in world history, carried out through state-administered transfers of public wealth and current and future debt to billionaires and : socialisation of losses, privatisation of profits. The outcome will be to further transfer, consolidate and concentrate wealth, just as has occurred since the GFC. While there is discussion about small handouts, nothing serious is being proposed to halt the mass layoffs now gathering steam."

- Bailout

• 0 likes• economics• government•
"Before I begin, I hope you will allow me a personal reference. Throughout all of the painstaking proceedings of this committee, I as the chairman have been guided by a simple principle, the principle that the law must deal fairly with every man. For me, this is the oldest principle of democracy. It is this simple, but great principle which enables man to live justly and in decency in a free society. It is now almost fifteen centuries since the Emperor Justinian, from whose name the word “justice” is derived, established this principle for the free citizens of Rome. Seven centuries have now passed since the English barons proclaimed the same principle by compelling King John, at the point of the sword, to accept a great doctrine of Magna Carta, the doctrine that the king, like each of his subjects, was under God and the law. Almost two centuries ago the Founding Fathers of the United States reaffirmed and refined this principle so that here all men are under the law, and it is only the people who are sovereign. So speaks our Constitution, and it is under our Constitution, the supreme law of our land, that we proceed through the sole power of impeachment. We have reached the moment when we are ready to debate resolutions whether or not the Committee on the Judiciary should recommend that the House of Representatives adopt articles calling for the impeachment of Richard M. Nixon. Make no mistake about it. This is a turning point, whatever we decide. Our judgment is not concerned with an individual but with a system of constitutional government."

- Rule of law

• 0 likes• law• government•
"I wish to say a word or two about the position of the Attorney-General, because in my judgment it is of importance in this case, and his position appears likely to be lost sight of. Everybody knows that he is the head of the English Bar. We know that he has had from the earliest times to perform high judicial functions which are left to his discretion to decide. For example, where a man who is tried for his life and convicted alleges that there is error on the record, he cannot take advantage of that error unless he obtains the fiat of the Attorney-General, and no Court in the Kingdom has any controlling jurisdiction over him. That perhaps is the strongest case that can be put as to the position of the Attorney-General in exercising judicial functions. Another case in which the Attorney-General is preeminent is the power to enter a nolle prosequi in a criminal case.1 I do not say that when a case is before a Judge a prosecutor may not ask the Judge to allow the case to be withdrawn, and the Judge may do so if he is satisfied that there is no case; but the Attorney-General alone has power to enter a nolle prosequi, and that power is not subject to any control. Another case is that of a criminal information at the suit of the Attorney-General, a practice which has, I am sorry to say, fallen into disuse. The issue of such an information is entirely in the discretion of the Attorney-General, and no one can set such an information aside. There are other cases to which I could refer to be found in old and in recent statutes, but I have said enough to show the high judicial functions which the Attorney-General performs."

- Attorney general

• 0 likes• law• government•