My sis Rell (Twitter: Awkward_Duck, Tumblr: swearimnotangry), did some investigative work today and found that Donald Sterling has ties to private prison investments, which led the two of us to an excellent discussion about the private prison industry.
This is just the tip of the iceberg. With contract mandates specifying 90% occupancy rates, private prisons feed directly into our problem with mass incarceration.
The private prison industry has become a lucrative business with some of our financial institutions heavily investing in them (Not to mention the music industry invests in them also, but I wont go there today).
Corrections Corporation of America (CCA) & GEO are the nations leading providers of correctional services. CCA has flourished as a business and has done so well ensuring that states maintain that 90% occupancy rate, that last year their Board of Directors authorized a $675 MILLION dividend to its shareholders. -_____-
I don’t even need to tell you who these prison beds are occupied by as I’m sure you all know the stats and demographics, but feel free to check out the links below.
Financial institutions that invest in private prisons: http://bit.ly/14rfwu9
CCA authorizes $675 million dividend to shareholders: http://yhoo.it/1ml7V4u
CCA being sued for widespread abuse in prisons: http://bit.ly/18uso3n