Still "not good" but it has parallels with the Mafia and organized crime here in the U.S.
Was it violent? Sure. Did nasty things happen to people? Sure. Did it foster corruption in municipal politics? Absolutely.
OTOH, it was still worlds better than the more random and distributed nature of 'street crime', where everyone/anyone could be a victim.
Save for shakedown/protection tributes, the common folk were left alone, and even somewhat protected by the system, since the organized crime syndicate had just as little love for random criminals than the police did, and no scruples or rules to follow when it came to dealing with them.
Was it "good" per-se? No, of course not.
OTOH, little old ladies and children were safe outside after dark.
Robert Heinlein made some of the same arguments in some of his works. Of course, he was explaining 1910's Kansas City to his newly made girl-clones sister/daughters (that he'd had sex with) while traveling back in time on his space-ship to see his mother (who he'd have sex with..) So maybe not the
absolute best endorsement of organized crime vs. random street crime.