> price fixing and protection rackets are examples of what is ordinarily called "corrpution."
No, they're not. Corruption requires that an organization violate its own rules. Price fixing, while illegal/bad, is an example of an organization doing something that it wants to do. The same is true of a protection racket - it's the purpose of the organization.
You seem to think that every instance of bad activity is corruption. It isn't.
Let's go back to your definition "It requires only some or other party from which to extract special priveledges by illicit means."
According to that definition, all theft is corruption. As is all extortion. As is anything that results in some gain to the "bad actor".
That's absurd. Corruption implies a loss of integrity. Protection rackets and other thieves haven't "lost integrity" - they're criminal enterprises and their acts are completely consistent with that.
> Corruption requires that an organization violate its own rules.
Does it? Where did you get that requirement from?
>According to that definition
You're misinterpreting the scope of "only", as should be obvious from the context. I was not proposing a necessary and sufficient requirement for something being corruption, I was just saying that the party from whom privileges are extracted doesn't have to be a government.
>You seem to think that every instance of bad activity is corruption
No, they're not. Corruption requires that an organization violate its own rules. Price fixing, while illegal/bad, is an example of an organization doing something that it wants to do. The same is true of a protection racket - it's the purpose of the organization.
You seem to think that every instance of bad activity is corruption. It isn't.
Let's go back to your definition "It requires only some or other party from which to extract special priveledges by illicit means."
According to that definition, all theft is corruption. As is all extortion. As is anything that results in some gain to the "bad actor".
That's absurd. Corruption implies a loss of integrity. Protection rackets and other thieves haven't "lost integrity" - they're criminal enterprises and their acts are completely consistent with that.