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Private corporations lobby to purchase state run jail systems from the state wherein they would be paid $$$ by the state every time there was a person that needed to be imprisoned. These private corporations donate large sums of money to various politicians and judges. The politicians pass a law effectively selling these state resources to private corporations wherein taxpayers would pay these corporations any time they need to incarcerate a citizen.
Owning these jail systems – private corporations pay and donate to sympathetic judges helping to increase the rate of incarceration and now there is a financial incentive to keep prisons full. These private corporations make more money directly from the state and taxpayers pay more money out of pocket because private corporations cost more. Now these private prison corporations SELL slave labor to Fortune 500 companies where these prisoners make $1.00 a day and these private prison corporations make even more money off the backs of their legally captive slave labor. Well…that’s what’s happening, and it should scare the # out of you.
Bold emphasis mine there. Interesting, eh? Ok... moving on.....
Corrections Corporation of America is the largest owner and operator of correctional and detention facilities in the United States. The firm operates over 60 facilities and owns more than 40, and holds a capacity of nearly 85,000 beds. The company also provides inmate residential and transportation services for government agencies. Additionally, the firm offers rehabilitation and educational services.
TIAA-CREF website source Ummm, come again? "influence positive social change in the countries and communities in which we invest"???? Riiiight....
This globally integrated approach seeks to influence positive social change in the countries and communities in which we invest while helping our clients achieve their goal of a safe and secure retirement.