Our Common Good

Anyway, eager to learn more we checked out a recent earnings presentation from Corrections Corp of America, where in addition to spelling out the company’s latest financials, management also walks through the macro bull case for prisons.

And this is where it gets creepy, because as an investor you’re pulling for scenarios where more people are put in jail.

Among the bullish datapoints.

  • The US prison program only seems to go up over time.
  • Private prisons only account for 10% of the entire prison business, meaning the opportunity is big.
  • There’s a growing issue with immigration detention, creating opportunities for private prisons.
  • The existing prison infrastructure is decaying.
  • While some states may slow incarceration during recessions (via increased use of parole to save money) they always make up for it when the recession is over.

It’s all pretty weird, but we’re not judging one way or another here… just pointing out that it’s a strange business to be in: Caging humans for profit.

  1. edgeraid reblogged this from sarahlee310
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  6. fightagainstwaronwomen reblogged this from theriverwanders and added:
    This is a huge issue in our country. Guess who lobbies for tougher and more prison sentences.
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  21. reagan-was-a-horrible-president reblogged this from sarahlee310 and added:
    The writer may not be judging, but I am. Caging your fellow humans for profit isn’t just strange - it’s evil. Period.
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