Source — The NationRead country-profile
USA : private prison companies are embracing alternatives to incarceration
Last Thursday, private prison stocks dropped like a rock when the Department of Justice announced that it would be phasing out its use of for-profit detention facilities. If you were an investor who had no ethical qualms about profiting from an industry that’s been accused of perpetrating a number of human rights abuses, it would have been a good time to buy. It turns out that reports of the industry’s imminent death have been greatly exaggerated.
Experts who track the business tell The Nation that as mass-incarceration reform has become a bipartisan issue, private prison companies large and small have seen the writing on the wall, and are aggressively moving into alternatives to imprisonment. In fact, they say, the very same companies that have traditionally lobbied hard for tough-on-crime policies that would assure their facilities a steady flow of warm bodies are now embracing the language of criminal-justice reform as they reach out into what they see as more lucrative markets.
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