So if someone came up to you and said, give me $2,000 or I'll burn your house down while you're sleeping, that would be fine with you?  Just the free market at work, right?

In any case, it doesn't matter what you or the members of this criminal gang think. It's not a surprise that thugs think it's perfectly OK to strongarm people into giving you money.  But the law is clear.  This is extortion.