Anonymous Goes After America’s Biggest Private Prison Company

[xchrom]

http://www.businessinsider.com/anonymous-exposes-uss-biggest-private-prison-company-as-a-bad-financial-investment-2013-7



The oldest and largest for-profit prison company is not what it would have you believe, at least according to Anonymous. A faction of the hacktivist group released a report Tuesday morning concluding that the publicly traded prison operator Corrections Corporation of America (CCA) is not an efficient, profitable free-market solution -- but a bad investment for shareholders.

Companies like CCA currently profit from America's addiction to incarceration – converting a bloody trail of prison riots, deaths, and general human misery into black balance sheets. The conventional financial wisdom is that CCA will be reliably profitable in the future because of its strong history of growth over the past thirty years. But this growth has been fueled by a historical anomaly. Between 1970 and 2005, the U.S. prison population grew by 700 percent, far outpacing both population growth and crime. As a result, our country now has 5% of the world's population but 25% of the world's prisoners.

CCA did not exist before this massive expansion of incarceration – and the company depends on it to survive. But Anonymous' report shows us that as America weans itself from that addiction, CCA's ledgers will quickly turn red.

This is not Anonymous' first foray into corporate issues. Since 2011, it has published four reports digging into the financials and governance of publicly traded Chinese companies. Each report has seriously rattled the target company; in one case, the Financial Times reported that the company responded by suspending trading of its shares on the Hong Kong stock exchange. Today's report on CCA marks the first time, however, that Anonymous has trained its sights on a U.S. company. They have certainly found a deserving target.



Read more: http://www.aclu.org/blog/prisoners-rights-criminal-law-reform/anonymous-exposes-uss-biggest-private-prison-company-bad#ixzz2Yk3ewxVj

[NightWatcher]

1. I hope they hack the shit out of cca. Those fuckers should rot

in their own shitty prisons.

I'd love if it they found some good dirt that ended up with the state contracts being cancelled.

Prisons, schools, and hospitals should not be for profit.

[Kber]

5. Prisons, schools, and hospitals should not be for profit.

Amen and shout it to from the rooftops!

[davidpdx]

15. +1

[HowHasItComeToThis]

52. +2

[airplaneman]

23. I would add

Hospitals, pharmaceutical companies, health insurance companies, city water delivery and reclamation, refuse, etc etc etc.
-Airplane

[RC]

29. Add to that the Internet

It should be like the public library.

[airplaneman]

35. actually if it were up to me

The internet and communication would be worldwide and free. The telephone and internet companies have been gouging us for years. My last two local call Verizon bills before I went to Comcast were $65 and $75 - what was killing me was the local long distance charges.
If it is really really important it should be run efficiently by government and free to very inexpensive.
-Airplane

[siligut]

33. Common sense dictates this, but greed doesn't care

Greed doesn't care about anything but itself.

[Fantastic Anarchist]

38. And utilities, don't forget them.

[October]

55. + another 1

[dbackjon]

20. + 10000000

I'd add security, intel and water to that list

[Maynar]

47. THIS!

^^

[Heidi]

2. Good!

And mornin', sunshine!

[xchrom]

8. Good Morning Miss Heidi! i'm on Royal Baby watch

and ready to volunteer as Royal Nanny!{are the pearls too much?}

[Heidi]

18. The pearls are perfectly appropriate!

But the name tag is a bit gauche for a royal nanny.

[Volaris]

21. Riiiight...it's the NAMETAG that's the deal-breaker lol...

you 2 made me smile today though, thanks for that=)

I hope Anonymous takes these fuckers out to the woodshed though...

[SunSeeker]

46. That pic alone makes this thread worth a rec! nt

[WovenGems]

3. Is it Hacking

Or community service? I love those nerds.

[xtraxritical]

32. What they really do is over load servers with requests. It's hardly

hacking per se.

[Maynar]

48. Press F5

enough times and you can be Anonymous, too.

[byeya]

4. It bears repeating the private for-profit prisons will not locate in an area unless 90% occupancy

is guaranteed.
Terrible waste of humanity and resources for greed.

[Kber]

6. Waste of human resources, money, space

and soul killing in the process.

[byeya]

22. A minor point compared to the others is that being a prison guard in one of these

prisons degrades the one trained as a guard and the guard often is not then an asset to the community.
The non violent offenders are the real losers of course but, it seems to be, the only winners are the owners of the proson company including the investors.
Private prisons are a horrible idea and should be outlawed.

[donquijoterocket]

24. soul-killing at either end of the process;

either as an inmate or as an employee.Not to mention I believe they also rot the area in which they're located.

[LisaLynne]

7. I'll never understand how it became "accepted knowledge" that the private ...

sector is somehow more efficient than the public sector. I would think of any us who work in the private sector could see that is not true.

[arcane1]

9. They changed the definition of "efficient" to mean "revenue-generating"

Any dollar spent on something that doesn't make someone richer is considered "waste"

[LisaLynne]

11. Ah, yes, that explains it.

I am stealing that because it's dead-on.

[Fantastic Anarchist]

39. Excellent point!

[Scootaloo]

12. A charismatic dumbfuck said so, and a whole generation was too apathetic to argue

Funny that so many of the people who lost their trust in government because of Nixon would throw so much of their trust into Reagan because he promised an end to evil evil government.

dumbasses.

[LisaLynne]

13. I was watching the documentary "Hot Coffee" the other night,

and there was that charismatic dumbfuck. That man was evil. I don't say that lightly.

[Scootaloo]

14. Great documentary

And yes, yes he was. And he won two elections - and as far as I know, he won them fair and square.

Evil politicians in a democracy indicate a flaw beyond their own sociopathy, I think.

[Thor_MN]

25. Only Minnesota and DC voted against him in both elections

[Hydra]

34. Not the first one

Got the Iranians to not return the hostages to us when they were going to. Stalled it til after the election.

Treason to win? That's the Bush way.

[SamKnause]

16. Tort Reform

Excellent documentary !!!!!

I love to bring it into the conversation when people are pushing for tort reform.

[LisaLynne]

27. I thought it was excellent.

The funny thing was, we decided to watch it because we'd watched sort of a disturbing thriller the night before and my SO was like, "Can we just watch something that isn't going to give me nightmares". Afterwards, he was like, "Ok, that was much scarier than the ghost movie."

[SamKnause]

30. Tort

Sad, but true.

The true horror of what is happening in this country, and many others is much scarier than any horror, or science fiction movie out there.

[Egalitarian Thug]

43. Constant and consistent propaganda.

No matter how absurd, if you have a microphone and just keep saying the same thing over and over and over, people will just start nodding their heads and soon after will believe it.

It's really kind of scary (to me anyway) how easily people are manipulated.

[marmar]

10. k/r

[malaise]

17. Good

Rec

[Zorra]

19. Wow! 25% of all the prisoners in the world are imprisoned in the US?!? We live in a

police state, no doubt about it.

Go Anonymous!

[libodem]

26. Goddess bless these brave people

What a perfect corporation to go after.

[KansDem]

28. I'll never understand how a private coporation can hold public citizens against their will

That's the responsibility of the state...

[Uncle Joe]

31. Of all the immoral, democracy killing "legal" enterprises out there

profiting from the imprisonment of the American People has to top the cake.

The for profit prison industry has no redeeming value and should be outlawed, no ifs, ands or buts to it.

Thanks for the thread, xchrom.

[Waiting For Everyman]

36. It's modern day slavery.

That, along with student loan indentured servitude.

[Fantastic Anarchist]

37. Private Prisons are a fucking disgrace to democracy.

When Louisiana's prison population alone dwarfs China's and Russia's, something is seriously wrong.

[byeya]

40. Something is indeed seriously wrong and much of it stems from the fire&brimstone

protty evangelicals who view anyone but certain select rural people as evil and subhuman. That's their message and it's this generation's Volstead Act(which didn't work out too well). The RepubliKKKans are OK with this because their money backers know it will keep the unrich in line and any law passed by the reactionaries won't be made to apply to them.

[Fantastic Anarchist]

42. When do we bring out the guillotines?

We can make our own laws, too.

[HiPointDem]

41. kr

[JoeyT]

44. That 700% growth isn't really an anomaly.

This was done on purpose. Watch which pack of asshats are fighting reducing sentencing for victimless crimes if you want to know who's responsible for that 700% increase.

It's going to stay that way, too, because they've got the money to keep it that way.

[SunSeeker]

45. K & R

[Liberal_in_LA]

49. kick

[B Stieg]

50. Hooray!

Now, go after one of their chief enablers, A.L.E.C.

http://www.sourcewatch.org/index.php/Corrections_Corporation_of_America

[DeSwiss]

51. Slaves were sold and buried on the land....

...where Wall Street was built. And they built the wall too.

- CCA continues the trade in this modern ''multi-cultural'' era.....

K&R

[RainDog]

53. k&r n/t

[blkmusclmachine]

54. All those prisons aren't sitting EMPTY for nothing.

OPERATION NORTHWOODS

[BrainDrain]

56. K&R'ed with a

big thumbs up for the folks at Anonymous. Excellent job!