This examination of the evolving role of private security firms in the context of public and community policing focuses on the new concept of the parapolice. Revealed are the truths and misconceptions about private security guards and how these guards can be a viable resource in the protection of urban society. The role of police in society, which is to prevent crime and save lives, is examined and contrasted with the evolving role of the parapolice as modern 'pseudo-cops' -- men and women who prevent crime and save lives without guns and political intervention. Also addressed is how unions are destroying public policing, the corporate culture of the parapolice, and funding of the parapolice.