5 ms·
Private prisons announce $1.4B in revenue as immigration detentions climb
- raoulj 2mo agoYoY Net Income from CoreCivic's own financials (2025-2022): 116.50, 68.87, 67.59, 122.32
- moomin 2mo agoAlways interesting to answer the question of who benefits from certain policies.
- cwmoore 2mo agoApparently it is the luxuriating inmates: “an average rate of $307,000 per bed.”
- andai 2mo agoAnd, as is tradition, are deprived of approximately all the value they produce!
- cwmoore 2mo agoIt’s actually medieval!
- somenameforme 2mo agoWowzer. Can somebody please start AirBnBars? I have an extra room, and some steel bars.
- deleted 2mo ago[deleted]
- parineum 2mo agoIt's intentionally misleading to use revenue in this headline. People will read that headline and come away with the impression that private prisons are making billions. They're expenses are most likely scaling with their revenue. If your concern is that private prisons exist or that detention is climbing, the dollar figure is secondary to other, better measures. Instead, revenue is (mis)used to give yhe impression that people are getting rich off of this and, while that may be true, the relevant number is the increase in income, not revenue. In short, NPR isn't above clickbait that's biased towards their audiences.
- woodruffw 2mo agoIndependent reporting on the treatment of detained immigrants might reasonably lead one to believe that expenses are not scaling linearly with increased revenue.
- parineum 2mo agoWhich would be a great thing to write about.
- diabllicseagull 2mo agoIt's a useful figure in that it shows how fast an industry, which shouldn't exist, grows: "Swindle said that CoreCivic's total revenue went up by just over 27% this spring compared to the same quarter last year, for a total of $684.9 million."
- runako 2mo agoNo. Revenue is a generally accepted business metric. It is normal to discuss revenue without being also compelled to discuss profits at the same time. You don't have to like the common way of discussing business, but that doesn't change this. > give yhe impression that people are getting rich off of this CoreCivic is a public company, so we can see that the C-suite each earns over $1m annually in cash compensation. the Chief Development officer earns more cash compensation than the person holding the same title at Hilton, a company worth over 20x more. Then, we can look at the insider roster to see that the CEO currently holds over $10 million in stock, the heads of HR and corrections each hold over $5 million, etc. People should get the impression that people are getting rich off this because people are getting rich off this.
- forgetfreeman 2mo agoThis "well actually" feels like it's in the same vein as tobacco companies funding cancer research. 30 seconds with Google shows that CoreCivic's Q1 earnings for 2026 are ~%50 higher than earnings reported for Q1 from last year. So yeah, they're getting rich off this.
- 2mo ago
- jameskilton 2mo agoThe entire concept of "for-profit incarceration/detention" should not exist. Such a system only incentivizes cruelty.
- virissimo 2mo agoIn practice, it doesn't seem to make much difference: > Propensity score matching and regression analyses of the National Inmate Survey are used to examine individuals’ experiences and perceptions of environmental quality in public versus private prisons across key domains of prison life, with an emphasis on needs, behaviors, victimization, and attitudes. No differences are identified for women. Males in private prisons are more likely than men in public prisons to perceive there to be inadequate staffing and are less likely to report maintaining ties with people outside of prison. Men in private prisons are also less likely to report crowding to be an issue. https://www.researchgate.net/publication/361439680_Private_Versus_Public_Incarceration_Incarcerated_Individuals%27_Experiences_and_Perceptions_of_Environmental_Quality https://www.researchgate.net/publication/361439680_Private_V....
- brenschluss 2mo agoWe should zoom out in perspective. The question is not “is the experience in for-profit prisons better for incarcerated people”. It is “for-profit prisons create a system with a financial incentive to increase the number of incarcerated people”.
- pirate787 2mo agoFor-profit is the delivery system, which should save taxpayer money. Systems where the institutions are directly administered by taxpayer funds and their attendant public employee unions also have political/financial incentives.
- xp84 2mo agoI'm inclined to believe that. Either way - publicly-run or private contractor, if the government is a good steward of public funds, they'll monitor well to avoid waste and remove people who are trying to unjustly enrich themselves. And if the officials are incompetent or corrupt themselves, they'll fail to recognize when those things are happen, or participate themselves. I don't see a big difference in public vs. private unless I imagine a fantasy government run only by officials who are smart and highly ethical.
- achillesheels 2mo agoOligarchy! Sad!
- throwawaypath 2mo agoDeportations should be efficient and swiftly follow after apprehension. Delay only funnels public funds to companies such as these.
- hightrix 2mo agoYes, but where’s the cruelty that this administration so strongly desires? These people need to be punished for what they’ve done regardless of if they’ve done it. Additionally, efficiency means lower revenue and that simply can’t happen.
- cwmoore 2mo agoSomething about “cruel and unusual punishment” has never sat well with me.
- kelseyfrog 2mo agoWhat false positive rate are you willing to accept?
- throwawaypath 2mo agoDid you reply to the wrong comment?
- kelseyfrog 2mo agoNo. What false positive rate for deportations are you willing to accept?
- throwawaypath 2mo ago>What false positive rate for deportations are you willing to accept? Your comment is a non sequitur. What false positive rate for the justice system are you willing to accept?
- 2mo ago
- isodev 2mo agoAh yes, slavery
- downrightmike 2mo agoYou mean to say that we AREN'T rehabilitating these people? /s
- iJohnDoe 2mo ago[dead]
- greenavocado 2mo agoI'm so brain rotted I read that as a new Prison-1.4B model release