NEW YORK (July 9, 2013) — A report released this morning by Anonymous Analytics concludes that the publicly traded prison operator Corrections Corporation of America is a bad investment for shareholders.
Carl Takei, staff attorney with the American Civil Liberties Union’s National Prison Project, made the following comments on the report’s release:
“The ACLU has known for years that for-profit prisons are a bad policy investment. Thanks to Anonymous’ report, we now know they are a bad financial investment as well. For 30 years, companies like the Corrections Corporation of America have capitalized on our country’s addiction to incarceration, converting an unprecedented prison population boom into big returns for investors. But as states increasingly pass reforms that wean us from our addiction to incarceration, CCA’s profits will dry up.”
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