queer people of color

Private Prisons as Profit Factories – How Banks & Wall St Control & Profit from the (In)Justice System

The bottom-line goal of a private prison system is to turn a profit, without consideration for – and often to the detriment of – any benefit to society. This is true of all public resources that are being undermined by privatization – water, land, education, even the administration of public assistance benefits (JP Morgan turns a healthy profit from processing food stamps). People will argue that privatization is more efficient. I agree. Private prisons are more efficient at turning public funds into profit for their shareholders, which include “too-big-to-fail” Wells … Continued