U.S. Prison Business: Privatize Profits, Socialize Losses


Well, it’s nice work if you can get it.

Florida is set to privatize all of its prisons south of Orlando


– 20% of its total –

according to a report issued by Chris Kirkham for Huffington Post.

The for-profit prison scheme is a case study in crony capitalism,

as it involves private prison corporations donating to the politicians best in position to grant them lucrative contracts.

Cenk Uygur,

in the video below,

breaks down this “cherry picking” strategy that sets up FL taxpayers to carry the burden of failure,

while corporate/government interests land another windfall; in this case,

the largest procurement contract in the industry’s history:

Beyond this single blatant example of lobbying by private interests in the state of Florida,

the trend of privatizing prisons has been ongoing since the first business was established in 1984*,

and is slated to rise in coming years.


Read the rest here

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