3min chapter

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#1140 Gideon Powell On Bitcoin Mining, The Oil Industry, & Criminal Justice Reform

The Pomp Podcast

CHAPTER

For Profit Prison Company

A few of us a few years ago decided prisons are messed up and we can spend millions of dollars and not change the laws. What if we started our own prison company? So I literally set out to start a for profit prison company, which people hear that and they're like, Oh, for profit, that's bad. The for profit, prisons are incentivized to keep you in prison. They make money the more people that go to prison. And so there are huge unintended consequences. We take a playbook from Silicon Valley. If you don't like something, you can try to operate in that framework. It's one of the most fun things we've been talking about for years.

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