TIL way too many people think private prisons operate by profiting off the labor of prisoners. Guys, it’s still the government paying.
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As I understand it, private prisons overwhelming form of income is the government. This came from an online discussion where it was asserted that if the government failed, private prisons would continue to operate, which is clearly false.https://www.investopedia.com/articles/investing/062215/business-model-private-prisons.asp …
