A recent presentation by Corrections Corp of America touted the coming growth of the private prison business. It was geared toward potential investors and had a very bullish outlook on locking people up for profit, which is a good thing for the economy–and since we all want the economy to be good, yay, locking people up for profit!
The presentation, in glowing tones, spoke mainly about how the private prison business is such a unique investment opportunity. You would think that this uniqueness stems from the fact that it’s, you know, locking people up in cages for money, but you’d be wrong. It’s unique because of almost certain growth. What industry, short of recreational drugs, can boast of almost certain growth? The U.S. has the largest number of people behind bars in the world, the presentation pointed out, so the foundation has already been laid. We even have more people locked up than China–and China is a “police state” with four times our population. Funny how that works. One out of every hundred Americans is behind bars, at best a fifth of them deservedly so.
The private prison business is also a unique investment opportunity because, despite having more people behind bars than any other nation, in the coming years we will have still more. One subset of caging human beings for money that is, as yet, largely unexplored is the field of immigrant detention. Everyday in America there are more and more immigrants, both legal and illegal, and lots and lots of them will have to be locked up somehow. The potential for growth in this market should be nothing short of astronomical.
The presentation also pointed out that the U.S. has never slowed even a little bit in its continuous creation of new laws. The disappearance of freedom in America is a process that has been going on for decades. Year after year, dozens upon dozens of new laws are enacted at every level of government, thus creating an endless supply of new criminals, many of which will have to be locked up. It’s simple math really. If you have a group of people whose only job is to sit around thinking up new laws, eventually everything will become illegal.
So if you’re wearing a suit right now and would like to join with Wall Street in profiting on the demise of this country, Corrections Corp of America is listed as CXW on the stock ticker. Get on it, Caligula. You’ll be happy to know that they beat expectations both in revenue and in earnings per share for Q3 2015.
America, Land of the Free has long been a myth, but now it’s becoming something even worse: a lie. The majority of young people no longer believe it. Ask them. Your children no longer believe the textbooks you give them, even if they’ve been common cored out. The American Dream, too, is becoming a load of crap. Study hard and work harder, and you’ll most likely end up with nothing more than fatigue and a mountain of debt.
The very existence of an organization like Corrections Corp of America belies the Orwellian hopelessness breeding in the heart of this country. The only thing left to do when you’ve become hopeless is get angry. People don’t punch holes in the wall because they know what to do, they punch holes in the wall because they don’t know what else to do.
Keep building those walls, America. I suspect we’re going to need a lot of them.