In this video we go over the rise and fall of for-profit prisons in the US. The US has the highest incarceration rate of any country in the world and many observers have blamed this in part on the for-profit prison industry. But recently, President Joe Biden issued an executive order for the federal government to stop using private prisons. We examine what impacts this will have on the private prison industry and whether they can survive under the current policy framework.
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23 thoughts on “The rise and fall of for-profit prisons”
  1. Avataaar/Circle Created with python_avatars shawn stangeland says:

    For profit prisons have absolutely no place in our justice system. Disgusting that it has ever been allowed

  2. Avataaar/Circle Created with python_avatars BillyLapTop says:

    If people don't want to behave, seems like they belong in prisons. A prison is a prison despite whomever pays for it. The public good is still served.

  3. Avataaar/Circle Created with python_avatars Weon64 says:

    Fun fact China has undisclosed prison camps that aren’t subject to be put in their statistics

  4. Avataaar/Circle Created with python_avatars Brandon Burns says:

    Fun fact the CCA funded gangster rap. And labels also invested in CCA and other private prison companies

  5. Avataaar/Circle Created with python_avatars Johnny Boy says:

    Seems like they’re doing everything they can to keep the most amount of people incarcerated to make more money.

  6. Avataaar/Circle Created with python_avatars Resistencia Liberal says:

    The part about China completly disregards that in China the government is not accountable and often imprison people without anyone knowing. Kinda dumb to expect a communist country to have transparency and compare it to America, but you know it is whatever lol

  7. Avataaar/Circle Created with python_avatars P G says:

    Welcome to America

  8. Avataaar/Circle Created with python_avatars Darnell says:

    The fall came cause of Biden. They will be back

  9. Avataaar/Circle Created with python_avatars Ren Tristan dela Cruz says:

    Another reminder that capitalism's bottom line is profit (and growth).

  10. Avataaar/Circle Created with python_avatars Investing Book Fast says:

    Build a wall (at the border) and restrict movement <check>, Monitor phone calls and other communication <check>, Foster Tension among different racial groups and ideologies <check> Allow near monopoly and controls on goods (prison Commissary basically amazon) <check> Isn't the US and for that matter the world just one giant prison ?

  11. Avataaar/Circle Created with python_avatars Jeff Setter says:

    Why would you think more freedom would equate to less crime?
    What thought process allowed you to think about it and arrive at that conclusion? I'm genuinely curious.

  12. Avataaar/Circle Created with python_avatars Mark Haneklau says:

    Dude, because in China , they don’t imprison them, they just shoot them. Nice millennial liberal bias. Did you speech write for Biden? He called Trump’s COVID restrictions racist and xenophobic and now he’s trying to implement the same thing and the libtard media is letting him slide.

  13. Avataaar/Circle Created with python_avatars Jumpman 23 says:

    IMO if the incentives were structured as trying to decrease crime and returns to jail/prisons they could be effective. But their current incentive really doesn’t help anyone.

  14. Avataaar/Circle Created with python_avatars megathai says:

    Yeah for-profit prisons are just objectively bad. We need a rehabilitative not punitive system.

  15. Avataaar/Circle Created with python_avatars Bart Jenkins says:

    I will let you in on a secret. When china publishes any numbers, including their prison population numbers they are lying.

  16. Avataaar/Circle Created with python_avatars hey it's pete says:

    Biden "elected"

  17. Avataaar/Circle Created with python_avatars Oneofakind says:

    Lol. I thought he said 639 out of 1000 in prison. Didn't react too much, though it seemed a bit high but OK. 🤣

  18. Avataaar/Circle Created with python_avatars bench of lemons says:

    I bought GEO at the bottom. I sold LEAPS against my shares at 3 USD. If GEO stays above 3 USD I will get 8% APY.

  19. Avataaar/Circle Created with python_avatars Ieago says:

    What can I say? Slavery deserves to fail.

  20. Avataaar/Circle Created with python_avatars Russell Buck Fletcher says:

    Private dungeonarium.

  21. Avataaar/Circle Created with python_avatars Doc Sevens says:

    Freedoms allow you the freedom to commit crime.

  22. Avataaar/Circle Created with python_avatars MEGA says:

    Another One.

  23. Avataaar/Circle Created with python_avatars Siddarth Singh says:

    Love from India 🙏

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