May be puh-tey-tohes - puh-tah-tohes but the issue is actually called illegal. Black-market transactions typically occur as a way for participants to avoid government price controls or taxes.

Quote Originally Posted by denuseri View Post
Then what is it in a so called capitalist country?

The drug trade is a prime example of a demand not being allowed by the state and yet a supply is developed for it and continues to exist unabated despite it. Same with protitution where thats illegal.

Black markets dont care if your a proponent of communisim, socialism, captitalism, or any other ideologies used to explain economic theory. When one devlopes to meet a supply for a demand it is simpley the current of economic nescesity doing what it does regardless of what you call it or how you try to control it.