Who Profits From Imprisoning Immigrants?

OUR TAX DOLLARS SHOULD GO TO SCHOOLS AND HOUSING NOT PRISONS

Image of the Lasalle Detention Center in Jena, LA where more than 1,000 immigrants are detained

The Geo Group and CoreCivic (formerly Corrections Corporation of America) operate for-profit prisons and immigration detention centers for states and the federal government.

As it was put in a March 10 article for the New York Times, “The worse the news for immigrants and their lawyers, the better it has been for the two companies. When a member of the Trump administration issues a memo or executive order, gives a speech or tweets about the crackdown on immigrants, shares of the two companies rise: Since the election, CoreCivic’s stock price has climbed 120 percent, and Geo’s has gained 80 percent.”

“The deportation crackdown is doing very good things for these companies,” said Terry Dwyer, an analyst with KDP Investment Advisors.

Wall Street is drooling as the policy of indefinite imprisonment is set in place. The same is true for the mass incarceration of “citizens” for which Louisiana and New Orleans are the world’s worst abusers.