‘You probably think all prisons are public. But private prisons are growing businesses that profit off the number of detention facilities and occupants.
The GEO Group and the Correction Corporation of America (CCA) are the two largest private prison corporations in the world.
These two companies have some pretty large investors that include Wells Fargo, Bank of America, and Morgan Stanley. The GEO Group also is under contract with the U.S. Immigration and Customs Enforcement (ICE), which is the largest investigative wing of the Department of Homeland Security.
Each of these groups posts profits in the billions, and in 2010 GEO Group’s revenues exceeded $1.2 billion, while CCA’s revenues were upward of $1.6 billion.
But how are such high profits posted when it costs about $40,000 a year to house one prisoner?
It’s actually pretty simple.
Private prisons like the GEO Group and CCA get contracted to do a wide range of jobs from other corporations and government agencies. The “employees” that GEO and CCA provide are inmates from their penitentiaries who make anywhere from 23 cents to $1.15 per hour.
Of course these “workers” get no benefits, no overtime, and no paid vacations and have no bargaining rights. Companies like CCA and GEO Group profit directly off of providing cheap and, arguably, slave labor.’
-
♡ 22
-
apartmentrt6 liked this
-
wordpress9090er liked this
-
bettylee4aa liked this
-
albuquerque68top liked this
-
waiyanjpn liked this
-
delamona liked this
-
shadowsdarkrealm liked this
-
meganj28 reblogged this from anti-propaganda
-
motherofserpents reblogged this from anti-propaganda
-
classtruggle reblogged this from fucknobigbrother
-
loungejulius reblogged this from mashkwi
-
the-hive-mind reblogged this from mashkwi
-
mashkwi reblogged this from knowledgeappliedispower
-
ohfuckitsoprah reblogged this from e-a-r-t-h-s-h-i-n-e
-
e-a-r-t-h-s-h-i-n-e reblogged this from agri-om
-
fridgestuff reblogged this from fucknobigbrother
-
sorryjustkidding reblogged this from fucknobigbrother
-
pigcharmer liked this
-
hypotheticallyofcourse liked this
-
agri-om reblogged this from fucknobigbrother
-
williamjamesny liked this
-
knowledgeappliedispower liked this
-
knowledgeappliedispower reblogged this from fucknobigbrother
-
fucknobigbrother reblogged this from anti-propaganda
-
jipc liked this
-
zeal4truth liked this
-
anti-propaganda posted this
