Protection Racket - Government Protection Rackets

Government Protection Rackets

Officials of government may demand bribes to look the other way or extort something of value from citizens or corporations in the form of a kickback. It need not always be money. A lucrative job after leaving office, may have been in exchange for protection offered when in office. Payment may also show up indirectly in the form of a campaign contribution. Stopping governments agencies as a whole, and buying protection in the government is called regulatory capture.

Read more about this topic:  Protection Racket

Famous quotes containing the words government and/or protection:

    Freedom of men under government is to have a standing rule to live by, common to every one of that society, and made by the legislative power vested in it; a liberty to follow my own will in all things, when the rule prescribes not, and not to be subject to the inconstant, unknown, arbitrary will of another man.
    John Locke (1632–1704)

    Innocence does not find near so much protection as guilt.
    François, Duc De La Rochefoucauld (1613–1680)