Money Is Power ( Securities ) And Exchange Commission, Corrections Corporation Of America

1019 Words Apr 5th, 2016 null Page
Money is Power
The imprisonment of individuals has increased at an all-time high. With less than 5% of the world’s population, but almost 25% of the incarcerated population in the U.S has imprisoned more people than any other country in the world. According to Aflcio.org (2013), between 1980 and 2011, the amount of people incarcerated increased from 500,000 to 2.2 million. One out of every 106 white males ages 18 or older are incarcerated, another one out of 36 Hispanic males ages 18 or older are incarcerated and one out of every 15 black males ages 18 or older are incarcerated. Not only is the imprisonment of human beings unfair, it has its benefactors. According to American Civil Liberties Union, for profit companies are responsible for 6% of state prisoners and 16% of federal prisoners. In 2010, the two largest private prison companies (Securities and Exchange Commission, Corrections Corporation of America) received almost 3 billion dollars in revenue and each received a yearly compensation worth more than $3million. For-profit prison companies benefit from rising rates of incarceration that grow in large parts from changes in laws and procedures that require increased penalties for nonviolent and minor crimes, such as possession of small amounts of drugs, and lifetime incarceration. Their business model depends on growing the correctional system for the making of money without caring about justice. The…

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