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The modern prison-industrial complex is reshaping of slavery basically. It needs as input people it can control, force them to work for meager pay, extract maxi

by rdtsc 10y ago

The modern prison-industrial complex is reshaping of slavery basically. It needs as input people it can control, force them to work for meager pay, extract maximum profits even from families trying to call them. Lobby for War on Drugs to stay in effect to keep the input to the funnel full. Btw as surprising as it may be to people here, Hillary Clinton was a choice candidate for PIC. They gave her at least $250k in lobbying just last year. Lately she claimed she will refund it, but it was a token gesture so far and she donate about $10k to a women's prison charity. She was also a big proponent of the infamous "three strikes law" is which filled the prisons with various repeat offenders no matter how minor their crimes.

TheCoelacanth 10y ago
And yet private prison stocks shot up dramatically when she lost the election. Obviously investors didn't agree that she would be great for them.
- rdtsc 10y ago
  Didn't most stocks shoot up? Dow had hit a historic highest point lately also apparently. So one hand we have proven active lobbying, proven "tough on crime" stance and strong support for "three strikes" law, on the other hand, stocks generally shoot up after election. But even looking at stocks, GEO is up a bit higher than what it was last year. CXW is just back to where it was last year this time. Did you see other stocks there? Those are the two I know about. US Steel for example went from 7-9 range to 30. Now that's a solid difference. Google was 650 now in 800s. Is Google also supporting Trump... who knows, fire up the presses (really doubt it).
  - azemetre 10y ago
    The poster is referring to the direct comments Hillary Clinton made against private prisons during her Presidential election, IIRC it was in August. When she made these comments, prison stocks fell nearly 40%.
- jMyles 10y ago
  Do you have a reason to believe that the relationship here is causal, rather than just correlative?

by rdtsc 10y ago

TheCoelacanth 10y ago

And yet private prison stocks shot up dramatically when she lost the election. Obviously investors didn't agree that she would be great for them.

rdtsc 10y ago
Didn't most stocks shoot up? Dow had hit a historic highest point lately also apparently. So one hand we have proven active lobbying, proven "tough on crime" stance and strong support for "three strikes" law, on the other hand, stocks generally shoot up after election. But even looking at stocks, GEO is up a bit higher than what it was last year. CXW is just back to where it was last year this time. Did you see other stocks there? Those are the two I know about. US Steel for example went from 7-9 range to 30. Now that's a solid difference. Google was 650 now in 800s. Is Google also supporting Trump... who knows, fire up the presses (really doubt it).
- azemetre 10y ago
  The poster is referring to the direct comments Hillary Clinton made against private prisons during her Presidential election, IIRC it was in August. When she made these comments, prison stocks fell nearly 40%.
jMyles 10y ago
Do you have a reason to believe that the relationship here is causal, rather than just correlative?