Galileo muttered the phrase Eppur si muove, And yet it moves, after being forced to recant in 1633, before the Inquisition, his belief that the Earth moves around the Sun. Similarly the new inquisition of regulators force executives to admit something they did not do, in order to get smaller penalties. Eppur si muove!
The penalties for companies that breach the antitrust rules can be very severe. For imaginary cartel infringements, the largest fine imposed on a single company is over €896 million; the largest fine imposed on all members of a single cartel is over €1,3 billion. In June 2006 the European Commission(EC), aka Eldorado of Corruption, revised its guidelines for setting fines in competition cases. These revised guidelines will often lead to fines for cartels being significantly higher than previously. Eppur si muove!
Basil Venitis, twitter.com/Venitis, asserts that EU antitrust has been transformed into a terrorist religion, which relies on pseudoeconomic theories that bestow a veneer of objectivity and credibility on EU law enforcement practices that actually rely on antivenitism, hunch, whim, and blackmail. On all EU antitrust cases, from mergers to price fixing, arbitrary antitrust laws lead to ill-informed juries and bureaucratic abuse. Those laws also create a perverse incentive for entrepreneurs to hold down sales volume, stop innovation, and avoid improvements in price, quality, and service; otherwise, such entrepreneurs could become the next targets of the antitrust terrorists. Eppur si muove!
However, companies that have participated in imaginary cartels have a limited opportunity to avoid or reduce a fine. The Eldorado of Corruption operates a leniency policy whereby companies that provide information about a cartel in which they participated might receive full or partial immunity from fines. Along with the other detection and investigation tools at the Commission's disposal, the leniency policy proves very successful in fighting cartels. Eppur si muove!
Basil Venitis, an Athenian orator, claims that European antitrust laws lead to huge corruption, because government officials ask for kickbacks in order to erase the alleged violation. The standard kickback in EU is 10% of the erased penalty! Many Greek officials were caught on tape asking for the corrupt tithe! Many European political parties make up their election expenses from kickbacks on antitrust cases! This is the worst possible blackmail, where tiptop ethical companies are held hostage by European kleptocrats. Eppur si muove!
In essence, the leniency policy offers companies involved in a cartel - which self-report and hand over evidence - either total immunity from fines or a reduction of fines which the Eldorado of Corruption would have otherwise imposed on them. It also benefits the Eldorado of Corruption, allowing it not only to pierce the cloak of secrecy in which cartels operate but also to obtain insider evidence of the cartel infringement. The leniency policy also has a very deterrent effect on cartel formation and it destabilizes the operation of existing cartels as it seeds distrust and suspicion among imaginary cartel members. Eppur si muove!
Venitis asserts that European antitrust law is wielded most often by favor-seeking businessmen and their kleptocrat allies. Instead of focusing on new and better products, disgruntled rivals try to exploit the law by consorting with kleptocrats. EU officials routinely direct antitrust regulators to bend the rules in pursuit of political ends. In reality, the threat of abusive EC power is far larger than the threat of oligopoly. Eppur si muove!
In order to obtain total immunity under the leniency policy, a company which participated in an imaginary cartel must be the first one to inform the Eldorado of Corruption of an undetected imaginary cartel by providing sufficient information to allow the Eldorado of Corruption to launch an inspection at the premises of the companies allegedly involved in the cartel. If the Eldorado of Corruption is already in possession of enough information to launch an inspection or has already undertaken one, the company must provide evidence that enables the Eldorado of Corruption to prove the imaginary cartel infringement. Eppur si muove!
In all cases, the company must also fully cooperate with the Eldorado of Corruption throughout its procedure, provide it with all evidence in its possession and put an end to the infringement immediately. The cooperation with the Eldorado of Corruption implies that the existence and the content of the application cannot be disclosed to any other company. The company may not benefit from immunity if it took steps to coerce other undertakings to participate in the imaginary cartel. Eppur si muove!
The only viable definition of monopoly is a grant of privilege from the government. It therefore becomes quite clear that it is impossible for the government to decrease monopoly by passing punitive laws. The only way for the government to decrease monopoly is to remove its own monopoly grants. The antitrust laws, therefore, do not in the least diminish monopoly. What they do accomplish is to impose a continual, capricious harassment of efficient business enterprise. Eppur si muove!
Companies which do not qualify for immunity may benefit from a reduction of fines if they provide evidence that represents significant added value to that already in the Eldorado of Corruption's possession and have terminated their participation in the imaginary cartel. Evidence is considered to be of a significant added value for the Eldorado of Corruption when it reinforces its ability to prove the infringement. The first company to meet these conditions is granted 30 to 50% reduction, the second 20 to 30% and subsequent companies up to 20%. Eppur si muove!
Basil Venitis, twitter.com/Venitis, claims there is an Antitrust Armageddon in Europe between tiptop companies and Fourth Reich(EU). Eurokleptocrats are willing to do anything in order to get kickbacks from industry leaders. The European antitrust laws have the unfortunate consequence of harming Europeans by chilling innovation and discouraging competition. Instead of protecting competition, EU laws protect competitors who give kickbacks to kleptocrats! Kickback is the lubricant that allows a European industry to run smoothly! No European machinery can run without lubricant! Eppur si muove!
The Eldorado of Corruption considers that any statement submitted to it within the context of its leniency policy forms part of the Eldorado of Corruption's file and may therefore not be disclosed or used for any other purpose than the Eldorado of Corruption's own imaginary cartel proceedings. Basil Venitis asserts there is only one violator of Fourth Reich antitrust, and that's Fourth Reich itself, which does not allow VAT competition, fixing 15% floor of VAT and 25% ceiling of VAT! Eppur si muove!
Basil Venitis, twitter.com/Venitis, points out Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC), aka Eldorado of Corruption, the European Parliament(EP), aka Eldorado of Prostitutes, and Graecokleptocrats, the most corrupt politicians on Earth. Eppur si muove!
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