Is Investing in Private Prisons Morally Wrong?
Date:  01-08-2016

American Friends Committee calls for divestment from companies that make a profit off of the misery of incarceration
From the Juvenile Justice Information Ecxchange

The American Friends Service Committee is the latest group to call for investors to move their money away from private prison companies, saying it’s unethical to profit from prisoners.

As part of a new campaign, the AFSC tracks dozens of companies that run facilities or provide services and supplies to such facilities, including private juvenile detention centers. The group recommends divestment from six: Avalon Correction Services, Corrections Corporation of America, G4S PLC, Sodexo SA, Providence Service Cororation, and the GEO Group.

Dalit Baum, director of economic activism at AFSC, said the Quaker organization researched the industry broadly because it feels the problem goes beyond one or two high-profile names. “The problem is not just one corporation. The problem is an entire industry,” she said. Private prisons held 8 percent of the total U.S. prison population in 2013, according to the federal Department of Justice.

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To read Prison Divestment Campaign’s press release on last month’s University of California’s $25 million prison divestment click here.