By now you’ve heard the news: The U.S. Department of Justice will stop using private prisons. The price of stock in Corrections Corporation of America (CCA) and The GEO Group, the two largest private prison companies, plunged 25 percent within a few hours of the announcement Thursday. By the end of the day, the nonprofit group In the Public Interest listed CCA stock’s drop in value as 50 percent and GEO Group’s at 35 percent.
It’s wonderful news and may seem to come out of the blue. But it follows last week’s release of a report by the DOJ that reiterated what advocates have been documenting for years: Private prisons are both less safe and less effective than those run by the government.
Chief among those advocates is the Texas-based group, Grassroots Leadership, which over the past two years has also partnered with Vermonters for Criminal Justice Reform to highlight Vermont’s practice of shipping men out of state to private prisons. (In July 2015, Vermont’s “overflow” prisoners were moved from a CCA-owned prison in Kentucky to a GEO Group prison in Baldwin, Michigan.)