Video: Political Economy of US Prison Population

The following video from LearnLiberty.org explains of the political economy of the US prison population, which is the largest in the world (thanks to Learn Liberty's Tim Hedberg)

Here is a snippet from Learnliberty.org,

The United States incarcerates more people than any other country in the world—more even than China or Russia. Prof. Daniel J. D'Amico explains that as of 2010 more than 1.6 million people were serving jail sentences in America. Professor D'Amico suggests that "prisons are not what we think about when we think of America, and they shouldn't have to be." According to D'Amico, a free country should not have 1.6 million people in prison, and a fiscally responsible country cannot afford to. As Prof. D'Amico points out, it is time for Americans to recognize that the U.S. criminal justice system is desperately in need of reform

Yet many of those incarcerated have not committed crimes against humanity but have been convicted out of prohibition laws, particularly the war on drugs.

Let me re quote Econolog's Professor David Henderson

We hear a lot about the top 1%. We don't hear a lot about the bottom 1%. There are about 313 million people in America today. 1% of 313 million is 3,130,000. In our prisons today are 2,200,000 people. So the people in prison are 2/3 of one percent. And their wages are typically about 23 cents an hour. They are, essentially, the bottom 1%.

Many of them are there for violent crimes, theft, fraud, and other such things. But hundreds of thousands of them are there for buying, selling, or producing illegal drugs. The drug war has put them there. And we taxpayers are paying $30,000 a year and more to keep them there.

So let me get this straight: high-income people are paying lots of taxes so that the government can put poor people in prison and keep them poor or put non-poor people in prison and make them poor.

Thus prisoners represent the bottom 1% largely because of "feel-good" self-righteous politics.