Tuesday, September 5, 2017

Golden Age Of Private Prisons

Here is a revealing report in Spiegel Online:

The Obama administration moved to phase out private prisons in the United States, but Donald Trump has now reversed those policies. A boom in the industry is expected and investors are thrilled.

The stock market in the United States has been rallying since Donald Trump's election as president in November, with the Dow Jones Index breaking the 22,000-point mark in August, its third record in a short stretch of time. Yet the extent to which Trump is fueling the upward trend and how long it will last is debatable. Some are already warning of the inevitability of a crash.

Either way, Deutsche Bank has discovered at least two crisis-proof investments. In a recent analyst report, the bank said it was bullish about the prospects for a pair of U.S. companies for which it recently issued "buy" recommendations. These companies are CoreCivic (CXW) and GEO Group, the two largest operators of private prisons in the United States.

You can read the rest @
http://www.spiegel.de/international/world/trump-expected-to-create-boom-for-private-prisons-a-1166263.html

Punishment has its place, but it clearly has not reduced the level of crime in the US. It almost looks like drugs are allowed across our border for the express purpose of destroying our nation by hooking and imprisoning as many people as possible.

Cui bono? Not We The People, that's for sure.

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