AS the dust settled on Donald Trump’s election victory, what businesses did investors think would benefit most from his return to the presidency? Tesla? Big oil? Rustbelt manufacturers? No: two firms that lock people up. Shares in GEO Group and Core Civic, which own and run prisons, soared by two-thirds in the three days after the election, beating the rest of America’s 1,500 most valuable firms.
Chain gangs, free labour, and kickbacks that are very profitable; just like the sharecropping cotton days in the south? All part of the monetization of the presidency and new homes for the deported immigrants?
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