Prisons | Private Prisons Foster Corruption

About the author: Vince Beiser is a New York City–based journalist who writes frequently on prison issues.

Want a hot stock tip? Get into prisons. Privately operated, for-profit prisons are multiplying like mushrooms all across the United States. The companies that run them have become Wall Street darlings, and with good reason.

The first private prison opened for business in 1983, holding a mere 350 inmates. Today, almost 90,000 inmates languish in over 100 for-profit lockups in the United States and Puerto Rico. With an increasing number of states considering...

[The entire page is 1560 words long]

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