ipl-logo

How To Privatize Private Prisons

1193 Words5 Pages

Something is rotten in U.S.: at the very least in the realm of economics (and perhaps even politics). It appears that there is an ongoing successful drive to privatization of everything: schools, roads, prisons; programs such as Social Security, and Medicare. What motivates this drive is a belief foisted on the public that the private sector is more efficient than the public sector. This belief grows out of the notion that the quest for profit is a regulating factor: efficiency reduces costs. The public sector, on the other hand, is motivated by a completely different objective—to increase the general welfare. Example, when there is a flu outbreak, the private sector has no incentive to find a vaccine, absent the prospect of profits. The public …show more content…

An institution whose existence is to house criminal (a rehabilitate them) when privatized wants to see more criminal activities and would fill their prisons. Proponents of privatization of prisons maintain private prisons will save state money with budgetary problems. However, the research narrative suggests that the market is not quite the savior of education advocates argue. An early study by the Federal Bureau of Prisons indicates problems with “adequately trained and experienced staff” and . . . critical lapses in appropriate security practices” perhaps leading to riots, escapes and deaths. There other complications related to private prisons: poor health care and early deaths. (See piece entitled Private Prisons for Profit out of Control. The people who tout the virtues of the private sector might not have heard of caveat emptor as it relates to commerce. They forget that it was the loosely regulated bankers that crashed the economy in 2008; bankers who were happy to accept government bailout money even as they foreclosed on hapless homeowners. The banks have since been making out like bandits: the public pays on average $4.52 to use an ATM that is out of network; banks borrow cheap money and charge usurious rates on lending it—you take a cash advance on your credit card and you might pay 20 percent …show more content…

He appears to have put profits ahead of mine safety and health in violation of Federal mine standards. Mr. Blankenship could go to prison for 31 years. (See NBC News) CEO Stewart Parnell of Peanut Corporation of America was sentenced to 28 years in prison in connection with a 2008 salmonella outbreak that killed nine people and sickened 714 others across the U.S. Bernard Madoff is serving 150 years jail time for engaging in a multi-billion dollar Ponzi scheme that claimed many celebrity victims. Even former Fed chairman Ben Bernanke had some reservations about prosecutions for the 2008 Great Recession. Individuals were responsible for that debacle not abstract firms. He was quoted as saying, “But it would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm." (See Huffington

Show More
Related

Summary Of The Bernie Madoff Case

1565 Words | 7 Pages

MEMORANDUM Bernie Madoff has been accused of a violation of title 17 code of federal regulations Section 240. 10B - 5. Madoff was accused of defending it, unwillfully, willfully and knowingly, by the use of mean and instrumentalities, in connection an entry interstate commerce with the purchase and selling of securities, would and could use and employ manipulative and deceptive devices. Bernie Madoff mislead misrepresented himself to invest in businesses to take part of his and engaged and his illegal Enterprise for profit no true return on investment. Summary of Facts Does Bernie Madoff 52 counts offenses

Read More

Martin Shkreli: A Pharmaceutical Business Fraud Case

442 Words | 2 Pages

This particular business fraud took place in Brooklyn New York after a pharmaceutical executive was under criticism for price gouging drugs. While being charged Martin Shkreli was freed on bond although he was denied fraud charges. Shkreli earned a very high level of infamy just alone off his business and personal life and at a very young age of 32 years old but, that was not enough to not accuse him of consistently losing investors money, while illegally without their knowing stealing their assets to assist with other debts they had and to include lying to them about their money and where it was actually spent. As the time passed this business fraud that Shkreli was charged was exposed when he essentially ran it like a Ponzi scheme. A Ponzi

Read More

Private Prisons Pros And Cons Research Paper

240 Words | 1 Pages

First, there are not enough staff to monitor the inmates in private prisons. The reason is because labor costs is controlled by reducing number of staff, wages, and fringe benefits. The reduce in staff has caused inmates to lose their lives. Secondly, many workers within these facilities are inexperienced with key corrections

Read More

The Market As Prison By Lindblom Summary

1003 Words | 5 Pages

While some Americans blame the government for it being undemocratic, the elected officials have provided us with evidence that America is undemocratic. An ideal democracy is how the government puts the people’s interest before the businesses interest. In Lindblom’s story “The Market as Prison”, it introduces a mechanism called the automatic punishing recoil mechanism (APRM). This provides businesses to have a privileged position in society.

Read More

The Pros And Cons Of Private Prisons

290 Words | 2 Pages

The private prisons are much harsher than normal prisons. I think that if you commit a crime then you should be punished, but I don't think that the prison should go above and beyond to make the sentence terrible. Private Prisons also earn more money for the more people they have locked up. This means that the prisons won't really care if you're innocent or not, just as long as they get their money.

Read More

Pros And Cons Of Private Prisons

379 Words | 2 Pages

Private prisons do not save money, have numerous performance problems, and are morally and ethically wrong. A. Private prisons promise cost efficiency. These promises are not true. B. Private prisons have poor performance because they cut corners on training, housing, and basic human rights. C. Private prisons are about profit.

Read More

Privatization Of Private Prisons

170 Words | 1 Pages

Prisons that are managed by the government is the most effective form of prison system. The government is responsible for the services that the citizens want to be provided publicly and are willing to pay (Gregson, 2000). Privatization means that there will be more government spending as the government will be the financier as they shift the functions and responsibilities to the private sector (Gregson, 2000). Private prisons can raise concerns on how are they managed.

Read More

Pros And Cons Of Private Prisons

1110 Words | 5 Pages

The harsh war on drugs and even harsher sentencing policies like mandatory minimums pushed public prisons to the breaking point. With the increasing rate of incarceration public prisons were overrun and overcrowded, this over-abundance of inmates gave way to the surge of for-profit private prisons. As the private prison sector continues to grow, the United States for-profit private prison operators should consider whether private prisons are worth the economic plus or if the inhumane operations are a risk to free democracy. SUMMARY OF OPPOSING VIEWS The success of private prisons around the nation can be attributed to one very large factor.

Read More

Why Should Private Prisons Be Banned

952 Words | 4 Pages

Private prisons are not held to the same standard as public prisons. Public prisons have many rules such as what the prisoners are fed, medical care, and how many guards are on a unit. To help private prisons save cost the Federal Bureau of Prisons applied fewer rules on private prisons. To achieve a bit of a saving private prisons tend to cut back on staff cost and training and have a higher inmate-to-staff ratio than public prisons. The data on if private prisons save more is inconsistent, some research says it does, while some do not.

Read More

Private Prison Benefits

158 Words | 1 Pages

Moreover, these private prison companies get its long-term profit, which increases by in increasing their man-days, with several political strategies (Ashton). Private prison companies rely upon the government budgets and concerns of overcrowding (Tylek). In 2009 there were 502 people in prison per 100,000, an increase of 722 percent since 1970. It went fro 196,429 to 1.6 million people in 2009 (Ashton). The number of people held in private federal facilities increased approximately 120 percent since 2000.

Read More

Addressing The Issue Of Government Price Controls By Fiona Scott

565 Words | 3 Pages

After analyzing the evidence, she returned to the original concept (53) to show her organizational skills. One thing about the article is that the methods she sues to argue her point and the evidence provided are all realistic. She does not just decide to use evidence from her head, but she uses past and present known examples. However, one thing to note and probably the only blemish of the article is the fact that the author takes a bias note. The author mentions that governments become popular with the public in a promise of price controls (51), but she does not expound further.

Read More

Essay On Prison Privatization

1412 Words | 6 Pages

They would not only cover basic contracting services but also completely manage and operate entire prisons. In the last three decades, states struggling financially to operate prisons turned to private companies for help under the auspice that private companies can operate prisons more efficiently and “eliminate wasteful bureaucracy that often characterizes government” (Brickner, et al, 2011). The assertion is that outsourcing the responsibility of running a prison to a private contractor, and states only paying based on occupancy, meant states could significantly reduce their costs. In 1984

Read More

Mark Twain's Social Choice Theory

2339 Words | 10 Pages

Introduction The phrase “public interest” is a mysterious one, often used, but never completely understood. It seems to justify political actions as well as controversial policies and serves the common good by aggregating all preferences of the individuals within the society. Mark Twain, an appreciated and highly respected American writer, even realized: “No public interest is anything other or nobler than a massive accumulation of private interests.” (Twain, Smith and Griffin, 210, 275).

Read More

What Are Trade-Offs That People Face

766 Words | 4 Pages

Why do governments intercede in the market? Governments intercede with the market because they want education and many other thing accessible to every person. Better education systems will help students as they become adults because they will make more informed decision about their career, politics, and cars or houses. These all help our government improve, because they are voting and paying taxes to support the government.

Read More

Negative Effects Of Privatization

1061 Words | 5 Pages

The issue of privatization as gone back to late 1800s, yet it is still debated almost 200 years later. But it’s not as simple as good and bad; sometimes there’s benefits, sometimes it’s detrimental, and sometimes it makes no difference. In order to understand Privatization effects, one must look at Privatization’s history, positives, and negatives. Since its origins in America in the 1800s, Privatization has changed, but it’s basics stay the same.

Read More

More about How To Privatize Private Prisons

Open Document