Private prison companies invested hundreds of thousands of dollars in Donald Trump’s presidential...

[TheWorldNewsOrg]

Private prison companies invested hundreds of thousands of dollars in Donald Trump’s presidential campaign, and today they got their reward. https://t.co/N10uuoGS2C

— Bernie Sanders (@SenSanders) February 23, 2017

via TheWorldNewsOrg

World News

[Arauna]

I saw an article recently which talked about the 'abuse' and lack of staff in these prisons because there are too few wardens and no investment in prison infrastructure.  The prisons have become a place for open drug smuggling and the vilest of practices - in comparison to the time that government managed it.  Private companies do not care about the level of service / humanitarian issues because they are enriching themselves off the money from the government for providing a "service." 

No chance of anyone being reformed in places like those!

[JW Insider]

There has been an assumption that the US President will reduce regulations on companies that pollute which will make them more profitable. Similarly it is assumed that he will reduce the regulations that keep banks more honest, and that they will therefore become more profitable, too. Same for drug/pharma companies. Companies that make money from privatizing the education system are expected to be more profitable. But the most outstanding rise in stock prices from the time that our current US President became electable was in the area of privatized prisons.

Perhaps it was the promise of new detention centers for immigrants, both legal and illegal, and a new crackdown on crime, or a realization that less money spent on health, education and welfare has always been a perfect formula for locking up more people.

What's curious about most Americans and much of the rest of the world, too, is that they have long believed that great rises in stock prices ("Wall Street") is a good thing. The types of rises that are seen in the stock market however are mostly a reflection of the ability of companies in general to make more money --profit-- off the backs of people who can't afford to participate profitably in that same market. The stock market is more of a signal of economic greed by the top 1% to 5%  than it is of healthy economic growth with benefits that might trickle down to the rest of the population.