Financialized criminal justice monetizes punishment and traps former inmates in legal debt.

Evidence

The consequent rise of legal debt led to further disadvantages for former inmates, most of whom were already economically challenged (Harris et al. 2010). — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 81

Categorization

• XREF: Connects to the reader’s financialization survey interest and to carceral-state literature; the fee-plus-interest mechanism parallels predatory private finance practices covered elsewhere in this book. — connects to: Corporate profit motives entrench a prison system that would otherwise be obsolete. — Davis, Angela Y, Are Prisons Obsolete, 235; Debtor prisons have been revived through debt-collection lawsuit traps — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 370; Per-inmate fees give private prisons a structural incentive to keep people locked up
• SEED: An article angle: legal fines and fees as the state’s own financialized extraction mechanism on the poor, extending the financialization-of-everything thesis to punishment.

Related

• Debtor prisons have been revived through debt-collection lawsuit traps (similarity 0.78)

Broader Connections

• Debtor prisons have been revived through debt-collection lawsuit traps #exemplifies (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 370
• Corporate profit motives entrench a prison system that would otherwise be obsolete. #expands (0.75) — Davis, Angela Y, Are Prisons Obsolete, 235
• Per-inmate fees give private prisons a structural incentive to keep people locked up #complicates (0.75)