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What is the most profitable industry in America? Weapons, oil and computer technology all offer high rates of return, but there is probably no sector of the economy so abloom with money as the privately-run prison industry.
Consider the growth of the Corrections Corporation of America, the industry leader whose stock price has climbed from $8 a share in 1992 to about $30 today and whose revenue rose by 81 percent in 1995 alone. Investors in Wackenhut Corrections Corporation have enjoyed an average return of 18 percent during the past five years and the company is rated by Forbes as one of the top 200 small businesses in the country. At Esmor, another big private prison contractor, revenues have soared from $4.6 million in 1990 to more than $25 million in 1995.
Ten years ago there were just five privately-run prisons in the country, housing a population of 2.000. Today nearly a score of private firms run more than 100 prisons with about 62,000 beds. That's still less than five......

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