“The private-prison industry is in trouble. For close to a decade, its business boomed and its stock prices soared because state legislators across the country thought they could look both tough on crime and fiscally conservative if they contracted with private companies to handle the growing multitudes being sent to prison under the new, more severe sentencing laws.
But then reality set in: accumulating press reports about gross deficiencies and abuses at private prisons; lawsuits; million-dollar fines. By last year, not a single state was soliciting new private-prison contracts. Many existing contracts were rolled back or even rescinded. The companies stock prices went through the floor.??Then came the the September 11th attacks on New York in 2001.
Corrections Corporation of America success is related to its deep rooted ties to elected officials.
…The government has done little to regulate prison administration, but has sanctioned exploitive labor practices” http://www.corpwatch.org/article.php?id=14333
also see on TWIF:
in News: “This Alien Life: Privatized Prisons For Immigrants”
in The Weekly Double Standard: “KBR In No Way Condones Or Tolerates Illegal Or Unethical Behavior vs. KBR Condones and Tolerates Rape And Slavery”
and The Civilian Inmate Labor Program at http://en.wikipedia.org/wiki/Civilian_Inmate_Labor_Program
Duration : 0:2:31
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