New York City Retirement Systems divests from private prison companies – Pensions & Investments

New York City Retirement Systems has completed divesting $48 million in private prison companies. City Comptroller Scott Stringer said, “Our criminal justice system has failed a generation of Americans because, for decades, we built bigger prisons instead of greater schools, and we were ‘tough on crime’ instead of ‘smart on crime.’ Society used mass incarceration as an economic development strategy at the expense of communities of color. Today, we’re taking action.”

Source: New York City Retirement Systems divests from private prison companies – Pensions & Investments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s