Private prison companies have helped fuel government policies which lead to an increase in prison population and boost their profits, according to a recent report.
Employees of the for-profit prison company GEO Group. The private prison population has grown 353.7 percent in the past 15 years, according to a study by the Justice Policy Institute. Major private prison companies have an incentive to encourage policies which keep that number on the rise. (Photo: Geo Group) The private prison population has grown 353.7 percent in the past 15 years, according to a study by the Justice Policy Institute. Major private prison companies have an incentive to encourage policies which keep that number on the rise.
"Steady increases in the number of people in private prisons, especially those coming from federally contracted beds, translate into increased revenues for private prison companies," the report says.
"Since private prison companies are in the business to make money, policies that maintain or increase incarceration boost their revenues; from a business perspective, the economic and social costs of mass incarceration are 'externalities' that aren't figured into their corporate bottom line," it says.
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