Why is the prison industrial complex good?
Though only 5 percent of the world’s population lives in the United States, it is responsible for approximately 25 percent of the world’s prison population. (Washington Post) The Prison Industrial Complex helps maintain the authority of people who get their power through racial, economic and other privileges.
Does the prison system make money?
A public prison is naturally non-profit. The end goal is to house prisoners in an attempt to rehab them or remove them from the streets. In order to make money as a private prison, they receive a stipend from the government. This money from the government can be paid in a multitude of different ways.
Why is prison so expensive?
As a result, in many countries, authorities rely on families, charities or religious organisations to provide food, healthcare services and other essentials for people in prison. Staff and infrastructure appear to be the main costs for prisons.
How much money is spent on prisons each year?
Prison costs taxpayers $80 billion a year. It costs some families everything they have.
Can I invest in private prisons?
Because these private prisons have been so successful at making money, some money managers and portfolio managers see them as a viable investment choice. Private prisons can easily get included in the default investment choices in target-date mutual funds or 401(k) or 403(b) investments.
What companies invest in prisons?
Here are some of the biggest corporations to use such practices, but there are hundreds more:
- McDonald’s. McDonald’s uses inmates to produce frozen foods.
- Wendy’s.
- Wal-Mart.
- Starbucks.
- Sprint.
- Verizon.
- Victoria’s Secret.
- Fidelity Investments.
Why do people invest in prisons?
Profit Motive – Private prisons have incentive to keep costs down as the difference between revenues from governments and operating costs are the bottom line profit for prison management companies. Financing – Private prisons build, maintain, and expand many of the prisons they operate.
What is Shaq’s net worth?
The Astoundingly Impressive $400 Million Shaquille O’Neal Empire – How Shaq Makes More Money Retired Than He Did As A Player. Celebrity Net Worth.