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Seems like a natural consequence of the 13th amendment. Why would you make it easier for an escaped slave to remain free? There are literally shareholders who have a vested interest in recidivism.
Edit: In case it wasn't clear, I find the situation monstrous. Just stating my thinking behind why it happens at all, and might be hard to change.
Imagine investing in for-profit prisons, as a regular person. You're hoping that society tears itself apart so you can watch line go up. Monstrous indeed.
A sane society would accept that finance is inherently sociopathic to some degree and explicitly prohibit speculation, regulatory capture, and other overtly destructive practices - rather than make the fines for such things a minor cost of business. That's without even getting into legalized slavery loopholes written into the actual constitution.
America is not a sane society.
It's plenty sane, just not built for the success of regular people.
“Well, I’m in no way part of the problem, so I should profit from what I see as the worst of society.”
I have a "ethically challenged" investment set that I put money into. I hate every one of the companies, and every one of their missions. But it means when things go horribly with society, I make money... So I get to feel like a rich person, and then almost instantly feel like an asshole because I'm not making enough money to assuage the moral issues I have with it.
When the pandemic hit, I bought a bunch of food service company stock... and various pharma companies. When I found out real estate companies were gouging people's rent... I bought real estate investment trusts... and when I found out the GOP was going to revert roe v wade, I bought a bunch of health care companies stock (that particularly service the south...)
Funny thing is, every time I get a shareholder vote notice, I always vote my conscience, but it doesn't matter everyone else votes their pocketbook every time.