"Over 550 students and alumni are calling on the University to divest from the U.S. prison system and publicly disclose its endowment holdings. “We, the undersigned, call upon the Princeton University Investment Company (PRINCO) to immediately and unequivocally divest Princeton’s holdings from the Prison-Industrial Complex,” notes a petition by Students for Prison Education, Abolition, and Reform (SPEAR)... The campaign broadens the definition of the prison complex system to include public prisons at the local, state, and federal levels. It also includes companies, such as Aramark, a food services corporation...that profit from the prison system... As of 2013, prisoners held in privately owned prisons constitute 8.4 percent of the total U.S. prison population... Such a small percentage makes the University’s divestment from private prisons “low-hanging fruit,” said Masha Miura ’21... Given the University’s renewed commitment “to identify specific actions that can be taken in their areas of responsibility to confront racism” in June — SPEAR leaders expect substantive change. For Miura, private and public prisons alike are enmeshed in capitalism. Private companies serving the prison system also receive funding from the government and actively marginalize and abuse people of color..."
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SPEAR calls for divestment from Prison Industrial Complex, transparency from PRINCO, by Anne Wen, The Daily Princetonian, (20 August 2020)
https://en.wikiquote.org/wiki/Divestment
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Divestment
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