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The spectre of communism? Is this a logo to a community or your creator username?
It’s basically a tagline. “There is a spectre haunting Lemmy…”
A phrase from the Communist Manifesto:
https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.htm
When billionaires have special access to lawmakers and the rule-making machinery, the the “law” is whatever they want it to be.