Prisons for Profit
The US Department of Justice will stop paying corporations to run federal prisons:
“They simply do not provide the same level of correctional services, programs, and resources; they do not save substantially on costs, and…they do not maintain the same level of safety and security,’’ Ms. Yates said
Corporate prisons are listed on the stock market and are legally required to maximize shareholder value. That’s all well and good for companies who make paper products or consumer goods, but it’s a tragedy when companies have no choice but to compromise fundamental human rights in favor business fundamentals.
$2 billion of the industry’s stock value – about 40% – vanished yesterday. Karma’s a (prison) bitch.