FACTOID # 97: Got a parking ticket in Finland? Better just pay up - it is the least corrupt nation in the world.
 
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Encyclopedia > Protection racket

A protection racket is an extortion scheme whereby a powerful organization coerces individuals or businesses to pay "protection money" which allegedly serves to purchase the organization's protection services against various external threats, whereas the actual threat comes from the organization itself. Those who do not buy into the protection plan are targeted by the organization and are harassed to try to force payment of the protection money. Extortion is a criminal offense, which occurs when a person obtains money, behaviour, or other goods and/or services from another by wrongfully threatening or inflicting harm to his person, reputation, or property. ...


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Protection racket - Wikipedia, the free encyclopedia (444 words)
A protection racket is an extortion scheme whereby a powerful organization, most often a criminal organization or gang, coerces individuals or businesses to pay protection money which allegedly serves to purchase the organization's "protection" services against various external threats.
When a business refuses to pay for protection, word is put out that they are outside of the local organisation's protection (these organisations often exist in the absence of a trusted police force) and that the business in question is therefore free game for freelance criminals.
This reputation was a catalyst for rebellious attitudes that arose in the late fifties and early sixties, wherein the new generation of organised crime rejected the age-old tradition of the council.
GRAIN | Seedling | 2004 | The great protection racket: i (3106 words)
‘Protection’ in the intellectual property sense means that the owner of a patent, a copyright, a trademark or some other piece of intellectual property has a legal right to exclude others from using or reproducing it.
Protection of this heritage cannot be achieved by separating out aspects or elements such as songs or science.
In order to protect traditional knowledge the first requirement is that communities have the right and the power to make the crucial decisions over their livelihood resources and management systems.
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