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The problem is private prisons openly lobby, and secretly collude, with the government to increase their profits. This is also why insulin is expensive (the di
by wallace_f 8y ago
The problem is private prisons openly lobby, and secretly collude, with the government to increase their profits.
This is also why insulin is expensive (the discoverers and patent holders made their patents freely available long ago). It's regulations which keep insulin, and other drugs, protected from competition and therefore can be expensive... Really, there are endless stories about this.
The gov vs private debate is kind of academic when the reality is a lot of the problem comes down to collusion and cheating from both of them.
- f-securus 8y agoThe problem with private prisons is they have a conflict of interest. Do they work to improve the lives of the incarcerated and lower recidivism? No! That would lower their bottom line as they get paid per person.
- wallace_f 8y agoThat's a market failure. I'm not pro-privatization of prisons.
- europsucks 8y agoIt is fine if entities try to increase profits. Usually competition is the way to insure fair prices. The collusion then might be to not allow competition. In the case of pharmacy, for example, I would guess there are many regulations that make it very expensive or infeasible to start a competing firm.