2 ms·
It seems to be an unfortunate truth that private, for-profit prisons are the opposite of expensive.
by lcnPylGDnU4H9OF 3y ago
It seems to be an unfortunate truth that private, for-profit prisons are the opposite of expensive.
- boppo1 3y agoAre there any publicly traded pure-play prison companies? Not interested in investing, but would be fascinated to read their 10-Ks. Do they get significant revenue from anywhere other than taxpayers? I know they sell labor and charge for phone calls, but that can't add up to terribly much more than their food + supply costs.
- Arrath 3y agoHow do you mean? Are you supposing they are more cost-effective that public run prisons?
- lcnPylGDnU4H9OF 3y agoI am observing that many prisons in the US are run privately by corporations for the sake of making a profit. The incarcerated people in such establishments are often given shorter sentences if they agree to perform manual labor for little to no pay. Even if the prisons are getting subsidies which make them profitable, I suspect the owners consider it to be an asset more than a liability.