11.14.2017 - By HKS Program in Criminal Justice Policy and Management
Have you ever thought about what it means to make money off of caging other people? You should. Vanguard owns 19% of Core Civic, a company with $1.7 billion in revenue that owns, manages, and operates private prisons and detention centers. So millions of Americans are unknowingly invested in Core Civic through Vanguard’s extremely popular retirement accounts and mutual fund products.
But private prison companies are only the tip of a much larger iceberg. Prisons and prison services are being commercialized at alarming rates.
Bianca Tylek, our guest this week & the Founder of the Corrections Accountability Project, invites us not only to decide how we want our money to be invested, but more importantly to ask whether or not we’re ok with some people profiting off of the caging of others.