Add to My MSN

Privatized Prisons Still a Booming Business

3/17/2009 5:35:47 PM

Tags: Politics, prisons, economy, privatized prisons, CorpWatch

Prison Behind BarsIt’s popular to say that there’s “no place to hide” in the current economic crisis. There is one industry, however, that is riding high: the private prisons. CorpWatch reports that “Detaining immigrants has become a profitable business, and the niche industry is showing no signs of slowing down."

The company GEO Group Inc., for example, saw their annual income climb by $38 million in 2008, with $20 million of reportedly quarterly earnings in February of 2009. The company, which has contracts with federal immigration authorities to lock up undocumented immigrants and other federal inmates, has also been the target of various lawsuits and investigations. Inmates blame GEO Group for civil rights violations, inadequate and sometimes rotten food, overall neglect, and even death.

“The more we looked into the situation the more we realized it was a systemic problem,” Deborah Golden, an attorney with the DC Prisoners Project told CorpWatch. “I suspect that it’s a pattern all over. When you try to run prisons as money makers what you do is cut back on the most expensive thing you can, which is medication and medical care.”

Image by Nonie, licensed under Creative Commons.

SourceCorpWatch 



Related Content

Shelter from the Immigration Storm

The word “sanctuary” is a common epithet thrown around Republican circles in the presidential primar...

Companies that Promote Women Make More Profits

Promoting more women in the workplace isn’t just equitable, it’s profitable....

Inmates Denied Comprehensive Reproductive Healthcare

Access to reproductive healthcare for incarcerated American women not only varies widely from state ...

Fire All of Your Men: The Link Between High-Level Female Executives and Successful Businesses

According to one group of researchers, the correlation between high-level female executives and busi...

Content Tools




Post a comment below.

 






Pay Now & Save $5!
First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $31.00 (USA only).

Or Bill Me Later and pay just $36 for 4 issues of Utne Reader!