A Quote by Michelle Alexander
Now that private prison companies have found that they can make a killing on mass incarceration, these private prison companies are now in the business of building detention centers for suspected illegal immigrants.
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Private prison companies are now listed on the New York Stock exchange and are doing quite well in a time of economic recession (and depression in some communities). But that's just the tip of the iceberg.
For those interested in learning more about corporations and private individuals profiting from the caging of human beings, I highly recommend the book "Prison Profiteers: Who Makes Money From Mass Incarceration."
We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.
I'm invested in about 13 private companies. I've advised probably another 50 private companies.
We ought to start running the government like a private-sector business. I have that ability as CEO of our companies. I have line item vetoes, and if I didn't, we'd probably be out of business by now.
The NSA buys data from private companies, so the private companies are the source of all this stuff.
I know that we've had a lot of immigration. How many immigrants are in prison? And what I found was - and I'm a fanatical researcher - what I found was a massive cover-up by both the government and the media in not telling us how many immigrants are in prison.
The war on drugs has been the engine of mass incarceration. Drug convictions alone constituted about two-thirds of the increase in the federal prison population and more than half of the increase in the state prison population between 1985 and 2000, the period of our prison system's most dramatic expansion.
Energy is under siege by the Obama administration, under absolute siege. The EPA, the Environmental Protection Agency, is killing these energy companies, and foreign companies are now coming in and buying our, buying so many of our different plants and then re-jiggering the plants so that they can take care of their oil. We are killing, absolutely killing our energy business in this country.
Private companies should be building businesses.
The prison industrial complex, to put it in its crassest term, is a system of industrial mass incarceration. So there's what you call bureaucratic thrust behind it. It's hard to shut off because politicians rely upon the steady flow of jobs to their district that the prison system and its related industries promise.
Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens or digital assets, and those include assets that people are familiar with, like bitcoin and ethereum, as well as very early-stage projects.
My primary early interest was in marketing and my aim was to improve its theories, methods and tools. Early on I pressed companies to adopt a consumer orientation and to be in the value creation business. I didn't pay much attention to the social responsibilities of business until later. Now I am pressing companies to address the triple bottom line: people, the planet, and profits. I found that companies were too much into short term profit maximization and they needed to invest more in sustainability thinking.
The vast majority of companies don't go public and mint dozens of millionaires. And most companies don't go around doling out stock options; private companies tend to be very tight about ownership.
Small and mid-sized companies in this country historically have been responsible for creating the overwhelming majority of new jobs in the private sector. One of the most-common misconceptions about our private enterprise system is that large companies, such as the Fortune 500, are integral to the process of job creation in this country. The truth is quite the opposite.
And I see the - you know, when I go to the juvenile detention centers and prisons, I see people who can't read now. And I know that when they leave those prisons and those detention centers, they're not going to be able to make it in our society.
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