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Schifference
06-12-2013, 08:16 AM
A protection racket is an extortion scheme whereby a criminal group or individual coerces a victim (usually a business) to pay money, supposedly for protection services against violence or property damage. Racketeers coerce reticent potential victims into buying "protection" by demonstrating what will happen if they don't—they damage the victims' property. In most cases, the racketeers do not actually protect their client from anything but the racketeers themselves, and their "protection" is merely extortion. However, if their victim is seriously threatened by a third party, sometimes gangsters will protect their source of revenue.
Legitimate businesses are not the only victims of protection racketeers. Other criminals are also targeted, since they cannot ask police to stop the extortion. However, for that same reason, criminals sometimes actively seek to buy this "protection".
http://en.wikipedia.org/wiki/Protection_racket

pcosmar
06-12-2013, 08:24 AM
Sounds Like Insurance. :(

Schifference
06-12-2013, 08:56 AM
I thought it sounded more like all forms of Government