The Economics of the Prison Industrial Complex

The video explores the economic aspects of incarceration, highlighting the high costs of maintaining prisons and the opportunity costs involved. It discusses the economic impact of crime, including costs in anticipation, consequence, and response to crime. The video also examines the role of prison labor, its benefits, and its drawbacks, particularly its impact on the labor market. The discussion concludes with a consideration of the moral implications of the prison system and its economic effects on society.

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