Our criminal justice system lets private equity firms rake in billions at the expense of incarcerated people, detainees, their families, & taxpayers. @repmarkpocan, @RepAOC & I are investigating private equity firms profiteering off prison services. axios.com/elizabeth-warr…
Private equity’s push into private prisons, detention centers, & prison services companies has helped create monopolies that squeeze families. Think about it: when there’s no competition for prison phone services, a 15-minute call home can cost $25.
Privatization & consolidation of prison food services means that private equity firms can make big bucks serving food with mold & maggots – & when incarcerated people decide to buy their own food, private equity profits off the commissaries. It’s all a racket.
And the two largest private correctional medical care providers – both owned by private equity firms – have been sued about 1500 times over the past 5 years for “neglect, malpractice, and, in dozens of cases, wrongful injury or death.”
My #StopWallStreetLooting bill would hold private equity firms responsible for their companies. And we should abolish private prisons & profit incentives that pervert the goal of our justice system.
