Corrections Corporation of America Company - Essay Example

Extract of sample
Corrections Corporation of America Company

The paper tells that the history of private prison industry dates back to 1984, with CCA taking over the management of a prison facility in Tennessee. The company has since grown to become the leader in the industry, commanding nearly 50% of the prison beds under private correctional services. The private prison services industry offer correctional services to the nation, the main customers being federal and state governments in the US. These companies work on a contractual basis, typically three to five years, but most of the contracts incorporate clauses that allow the government to terminate their agreement. The growth of the industry depends on a number of uncontrollable factors, which include sentencing patterns in different jurisdictions, crime rates, and acceptability of prison services privatization. Specialists in the industry argue that business is headed downwards for new comers as more states try to reduce prison overcrowding and expenses. According to the article, almost half of the new inmates were sent to private prison facilities in 2009. The article cites one analyst suggesting that established firms in the industry who have focused on their competencies will continue to grow despite the budget crisis. The policies regulating private prison use varies from state to state, with some states banning the private prison altogether, like New York, Louisiana, and Illinois. Outside the US, privatization of prison services has not been embraced fully. Nonetheless, countries, especially in the European region, are adopting the system, with Australia having a record 17%. ...Show more

Summary

The article focuses on Corrections Corporation of America (CCA) and the issue of punishment and crime in the United States of America. The article highlights the statistics of the company as well as those of crimes and punishment, with emphasis on those criminals in jail. …
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