How to make prisons economically viable Essay Example | Topics and Well Written Essays - 500 words

How to make prisons economically viable - Essay Example This has made a negative impact on the private prison industry. The aim of this paper is to analyze private prisons in United States in the lights of broad and diverse academic resources. SWOT Analysis During the eighties, the trend in privatization of prisons started and thus, by the nineties, majority of the prisons became private. In the prison industry, private prisons are considered to be the most profitable and lucrative methods of maintaining law and order and at the same time, generating revenues (Shichor, 2002). Correctional Corporation of America and Wackenhut are considered to be the two dominant players in the private prison industry(Logan, 2007). Research suggests that by sentencing one prison, the correctional institution gets large amount of money (Sloane, 2006). However, in the last few years, there has been decline in the private prison industry. Based on the decline and massive expenditure on private prisons, the following analysis has been conducted in for economic ally viable private prisons: Strengths 1. There is no doubt that private prisons are more effective in maintaining law and order as compared to public prisons. 2. Privatization concentrates on providing quality to the prisoners. 3. Private prisons allow business owners to generate higher revenues. 4.