The Prison Industrial Complex: $80B Business
Private prisons lobby for longer sentences. More prisoners = more profit.
Claiming to reduce recidivism
Lobbying against criminal justice reform
The contradiction: Their business model REQUIRES repeat offenders.
Private prison companies spent $25M lobbying against marijuana legalization and sentencing reform. They need full beds.
The core record has 3 important points: US has 25% of world's prisoners (4% of population). Private prisons have 'lockup quotas' in contracts. Vanguard/BlackRock are major shareholders.
Ownership context: CoreCivic, GEO Group. Funding context: Government Contracts + Wall Street.
The source trail for this page includes ACLU Report and CoreCivic SEC Filing.
Summary
Private prison companies spent $25M lobbying against marijuana legalization and sentencing reform. They need full beds.
⚡ Key Facts
- US has 25% of world's prisoners (4% of population).
- Private prisons have 'lockup quotas' in contracts.
- Vanguard/BlackRock are major shareholders.
The Prison Industrial Complex: $80B Business
Their business model REQUIRES repeat offenders.
Network of Influence
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Vanguard Major Holder GEO Group
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