Andrew Jarecki
๐ค SpeakerAppearances Over Time
Podcast Appearances
So money means a lot in this equation.
The money stuff is all over the place.
The perverting of the system with money you see because, for example, these big prison companies like GEO Group and CoreCivic make money by having full prisons.
They're private prison companies, but there are a lot of companies that provide services to public prisons, to state prisons like Cisco and all these companies that sell food there.
But everybody makes more money if the prisons are full.
And so you have the head of CoreCivic just did a shareholder call not too long ago.
And he's Henninger, I think his name is.
And they said, you know, what do you think โ what's the outlook?
And he said, oh, with all the new immigration prisons and all the prisons and all the increased, you know, emphasis on law enforcement โ
and on incarceration, this is the most exciting time in my career.
So you're really building this prison industrial complex every day, especially right now, I think.
All these people are doing โ they're all doing bad stuff.
You know, there's a company called Securus, which is run by Tom Gores, who is a big team owner, owns the Pistons, Detroit Pistons and some other teams.
And he's a private equity guy worth about $10 billion.
And his company, Securus, does communications for the prison systems.
And they made deals that have now been sort of exposed.
But they made deals with sheriff's departments where they had jails.