There are 870 thousand prisoners in Russia, including all, convicted, arrested and detained people. People who are actually incarcerated. Comparing to US, where there are almost 2 million prisoners but population is twice as much, the ratio is similar, 0.6-0.7% is in prisons. The ratio of violence/nonviolence crime is different. Almost 80% of Russians are doing time for a violent crime. In States, 60/40. More than 2 million cons in US are punished without being locked up, for instance: probations, radio-electronic bracelets etc. If you get caught in Russia, there is only 1 out of 10 chances you are going to be bailed out or released within 5 days after arrest.
Whole Russian penitentiary system belongs to State. There are some rumors about privatization of prisons but public would not probably get this idea well due to corrupt practices of Russian authorities. However, I can see some “start ups” in this field within next 5-10 years. If you happened to have bonds issued by a Russian prison, it’s most likely would have a rating close to a Federal.
PS. Japan has only 30 thousand prisoners on 130 million population? Why our society is so criminalized? (Rhetorical question)...
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From an economic stands point, more crime - more business for whole judicial system: lawyers, guards, and judges. There is 1 lawyer for every 300 people in US and only 1 for 10,000 in Japan. Would the system break itself?
If there are any companies that get a big proportion of their business selling to the prison system, please let us know.
It's hard to name a big provider for Ru prisons. Small local companies usually supply food and clothing. Ru jails are forcing inmates to work, so prisons are like enterprises with cheap labor.
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