“$200 Billion Industry” - The U.S. Prison System Explained

Patrick Bet-David explains the enormous business of the American prison system.
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In this episode, Patrick Bet-David explains why Auto Insurance prices are skyrocketing above everything else!

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[JustJenRx]

I was sent to prison for 3 years for possession of drugs in the 4th degree. My county made $46k per year I was in prison. The courts are 💯 complicit in this.

[JeffHarman-jugx]

A lot if the state prisons although owned by said states have private operators who collect a yearly fee per inmate. The warden of a state prison in South Carolina once bragged that he fed his prisoners for less than 2 dollars a day.

[abarton]

I have been saying this over a decade....the industrial prison establishment in the US is INSANE.

[patrisha]

About 30 years ago, I went to a meeting about a prison that was to be built in our little farming community. It was doctors and wealthy investors who were building the prison. One question was about the devaluation of our homes. The homes in the immediate area would be devalued by 20% while radiating out it would be less. It was when water was brought up that made the investors not choose Brownsville. Their second choice was Utica but they ended up building in Noble county, their third choice. They admitted to wanting to build the prison as an investment with the intention of eventually selling it to the state of Ohio. It was for 3rd degree felons aged 18 to 35.

[JonathanN]

I wish you would do another one on the food industry.
Asap. And thank you for sharing and being knowledgeable.

[tracyfunk]

I went to prison in Ohio in 1983. There was 8 prisons and 13, 000 inmates. I got out 7.5 years later in 1990 and there was 32 prisons and 48, 000 inmates. They were turning state prisons into private prisons. Who knows what behind the scenes deals were done. The food went from hot healthy food grown and prepared in the prison's, with descent portions, to nothing but processed foods that was delivered in trucks, was cold and less than half portions. Prices in the commissary went up nearly 50%. They were kind enough to raise our pay from $18 a month to $20 a month. Glad I gave that lifestyle up although I still suffer the consequences for that to this day. I still can't get any real job. Handyman jobs was all I could ever do, which I have now done for 28 years.

[sheilawallace]

I saw an article online that was written unanimously. The guy said he was invited to a business proposition with a bunch of black song artists to write songs encouraging violence and drugs. It was with a bunch of investors that were building new prisons. He said he declined even though he was promised a lot of money. The article is now gone. I can’t find it.

[yaiyrbenisrael]

Glad you just woke up. Welcome to the reality of America.

[abumeethakyemen]

Do more videos like this brother very informative and the data collection is really the key to these segments

[anyahoskins]

Although Amazon do hire a lot of ex- convicts straight from the halfway house. They use them for their back breaking jobs. Most of them end up quitting after they get out of the halfway house. The prison system isn’t the only government system in it for the money.

[pandora-is-here]

Much of Rap Music today rap about crime and glorifies prison. Political rap is suppressed while Gangsta Rap is revered.

[noslen]

I always learn so much from Pat's videos. Keep up the great informative work.

[habitatnative]

This is why i love PBD! He touches topics that are traditionally from the left but legitimate… the illegitimate topics get destroyed however this is why we need to genuinely listen to both sides. I confuse the hell out of my algorithm… it cant figure me out lol

[AGuy-xd]

Healthcare and prisons should NEVER be for profit. EVER

[Easymadeit]

Bro 50k for an inmate is actually so criminal and corrupt. That’s literally a salary of a journeymen plumber that works 40 hour a week. That’s INSANE

[NWcpl]

I retired from the prison system. There is so much business-to-business corruption. Business who get lock in deals and make hundreds of millions off of inmates even in state prisons and federal prisons. Not just private prisons.

[miraclemorgan]

Infinite Gratitude, Peace, Love,
Healing, Justice

[jarynlester]

Man you are very smart.. this is the type of content that will help !! Thank you !

[surviveunplugged]

In 1977/78 in Los Angeles, Ca, when I was 12 or 13 years old, my first two friends were gunned by some Crips near Adams and Western in the West Adams area. I was with them minutes before a car pulled up and blew. One friend was killed and the other was shot in the lower back and paralyzed. Within a few days, while brooding with my friends over the death of our friend a car pulled up. It was Bloods from across Western. We were unarmed, as we didn't have guns and cars at that age, but our attitude was that if they wanted to kill us, we'd fight them too. We were from the Complex (St. Andrews Gardens Low Income Housing Complex). We were known as "Complex Boyz", but we weren't a "gang" like Bloods and Crips. We didn't allow any of them in the Complex. Older Bloods pulled up on us in the parking lot and one got out of the low rider with a brown bag. He dropped the bag on the ground and stepped back. It was weird because we knew of them, but not personally. We "warred" with their young guys from 20's, no guns though, just fighting. At some point, we walked toward the "bag", which was several brown paper grocery store bags stuffed inside of each other to make a thick sack like bag.

Inside of the bag were several loaded hand guns, with an assortment of bullets at the bottom of the bag. I, along with the two or three others, reached in and picked up a loaded handgun. It was a revolver. I grabbed a few extra bullets also. One of the Bloods that provided the guns said something like, "Handle your business". We'd been shot at once, prior to the killing, while walking through the gas station on the corner of Adams and Western, however, no one was hit. We were "veterans" of a sort at 11 through 13, however, once blood was spilled, our anger was up. Crips drew first blood, now we were armed also. Shortly following, many of those guys became Bloods, while I never "banged".

Fast forward. Over the years, I've heard that the CIA and government may have had a hand in making firearm more accessible to those in the "black community". That seemed "far fetched" to me. However, after having served four years in the USMC, graduating college and becoming a licensed CPA having built and Audit and Consulting practice, I look back on that experience and wonder, 'why would gang members hand out a bag of FREE GUNS. Firearms cost money, whether legal or illegal. This was prior to the "crack epidemic" in LA, which provided the gangs with money. That was the dawn of Los Angeles streets erupting in "gun"/gang violence. It began in 1977/78. How long does it take to complete construction on a prison? That was six years prior to the first "for-profit" prison. I recall thinking that they way guns came on the scene in LA back then, was "as if" someone parked a truck loaded with guns in the "hood" and walked away. Overnight things changed in LA. I often wonder why the Crip gang has exploded across America. As a CPA/Auditor, I don't latch on to theories, other that those that I come up with myself, however, the "Private Prison" industry is highly suspect in my Opinion.

[marcnick]

Playing with people freedom is insane.