NYCERS's Divestment from Private Prisons is Misguided

New York City Comptroller Scott M. Stringer recently announced that the city’s Employee Retirement System (NYCERS) would be the first major public pension system in the U.S. to divest from private prison companies. Though well-intentioned, Stringer’s proposal not only misunderstands the actual influence of privatized prisons, but also could be

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