STAFF NEWS & ANALYSIS
Private Prisons May Be Profitable, but Still Despicable
By Daily Bell Staff – July 05, 2016
Canaccord Thinks Private Prison Equities Could Break Out … The first private prison emerged in 1984, and the industry has grown ever since. America continues to have the highest incarceration rates in the world. One financial services company sees significant upside in the private prison sector. – Benzinga.com
In this article we can see how private prison equity is being treated like any other investment from a profit-loss standpoint.
In fact, investing in private prisons may be a good idea. But that doesn’t make it a morally correct decision.
Plenty of people invest in “defense” stocks, too. Yet the products of various defense stocks have killed or injured millions of women and children.
Accusations are that private prison companies have incentives to cut costs far beyond