*”While some coercive acts are often lumped into the label “black market,” such as murder and theft, the vast majority of this “organized crime” is perfectly legitimate to a libertarian, though occasionally unsavory. The Mafia, for example, is not black market but acts as government over some of the black market which collects protection money (taxes) from its victims and enforces its control with executions and beatings (law enforcement), and even conducts wars when its monopoly is threatened. These acts will be considered red market to differentiate them from the moral acts of the black market which will be discussed below. In short, the “black market” is anything non-violent prohibited by the State and carried on anyways. The “grey market” is used here to mean dealing in goods and services not themselves illegal but obtained or distributed in ways legislated against by The State. Much of what is called “white-collar crime” falls under this and is smiled upon by most of society. Where one draws the line between black and grey market depends largely on the state of consciousness of the society one is in. The red market is clearly separable. Murder is red market; defending oneself against a criminal (when the State forbids self-defense) - including a police officer - is black in New York City and grey in Orange County.”

NLM