cross-posted from: https://infosec.pub/post/47489741
GEO Group’s stock has risen 25% in one month, after their first quarter results. Let me translate this corporate speech:
“New growth opportunities” aka ICE is kidnapping immigrants at a record pace and we need to open new concentration camps to hold all of those people. 70.8% of current detainees have no criminal convictions.
“Last year was the most successful period for new business wins in our Company’s history with new or expanded contracts representing up to $520 million in annualized revenues. We expect 2026 to be very active as well.” The taxpayers are giving us half a billion dollars a year to hold people in inhumane conditions and we expect the kidnappings to continue unabated in 2026!
Same anodine language all of the prison industrial complex uses. Unregulated capitalism creates people who will write something like this up.
And never has the professed ethics of the whole enterprise been more transparent and cynical.
GEO Group’s stock has risen 25% in one month, after their first quarter results. Let me translate this corporate speech:
“New growth opportunities” aka ICE is kidnapping immigrants at a record pace and we need to open new concentration camps to hold all of those people. 70.8% of current detainees have no criminal convictions.
“Last year was the most successful period for new business wins in our Company’s history with new or expanded contracts representing up to $520 million in annualized revenues. We expect 2026 to be very active as well.” The taxpayers are giving us half a billion dollars a year to hold people in inhumane conditions and we expect the kidnappings to continue unabated in 2026!
