The U.S. corrections system is a massive industry. It is estimated to hold behind bars over 2.3 million people, with more than 5 million under probation or parole. Its estimated annual turnover is $74 billion.
Our research has spanned the entire scope of the criminal punishment system, to provide the following mapping of corporate involvement in various aspects of that system. The services provided by companies range from prison facilities management, health and food services, to private probation services and the supply of surveillance apparatus. Other areas where companies are springing up to take advantage of potential profits in mass incarceration will be covered in the next phase of our research, including: prisoner banking, facility construction, information technology, and prison labor.
The privatized prison industry has been shown to contribute to human misery in its operations, and to mass incarceration in its political influence. It includes hundreds of companies, many of them very small, with relatively few publicly-traded companies. Our investment screening tool highlights and profiles the main publicly-traded companies in this industry. However, we hope to contribute to the larger movement to end mass incarceration by providing the information below on the entire field of profiteers.
Read more about the U.S. mass incarceration industry.