While the nation’s unprecedented rate of imprisonment deprives individuals of freedom, wrests loved ones from their families, and drains the resources of governments, communities, and taxpayers, the private prison industry reaps lucrative rewards. As the public good suffers from mass incarceration, private prison companies obtain more and more government dollars, and private prison executives at the leading companies rake in enormous compensation packages. Private prison companies essentially admit that their business model depends on locking up more and more people. The American economy should not include locking people in cages for profit.According to the Bureau of Justice Statistics, for-profit companies were responsible for approximately 7 percent of state prisoners and 18 percent of federal prisoners in 2015 (the most recent numbers currently available). U.S. Immigration and Customs Enforcement reported that in 2016, private prisons held nearly three-quarters of federal immigration detainees. Private prisons also hold an unknown percentage of people held in local jails in Texas, Louisiana, and a handful of other states. While supporters of private prisons tout the idea that governments can save money through privatization, the evidence is mixed at best—in fact, private prisons may in some instances cost more than governmental ones. These private prisons have also been linked to numerous cases of violence and atrocious conditions.
Correctional officials see danger in prison overcrowding. Others see opportunity. The nearly two million Americans behind bars—the majority of them nonviolent offenders—mean jobs for depressed regions and windfalls for profiteers
On behalf of the Franciscans International-Earth Cluster group, I am writing in opposition to the construction of an ICE facility near Pine Island, specifically to the 640-bed, private, for-profit detention
The Chicago Teachers` Pension Fund`s board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor.
The GEO Group, CoreCivic, and General Dynamics Corp. have come under fire for owning or operating private prisons and contentious immigration detention centers across the country. And some surprising investors could be helping these operations.
A labor union representing American teachers on Friday urged pension funds to cut their exposure to investment firms that have funneled millions of dollars into private prisons, saying the companies are getting rich on the U.S. government`s practice of separating migrant families.