Tuesday, January 11, 2011

Racketeering vs. Free Enterprise

Racketeering: Traditionally, the word racket is used to describe a business (or syndicate) that is based on the example of the protection racket and indicates a belief that it is engaged in the sale of a solution to a problem that the institution itself creates or perpetuates, with the specific intent to engender continual patronage.

Posted by Anonymous

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