But you can, theoretically, have private prisons without perverse incentives - just like you can have private grid operators and power plants without perverse incentives.
It just requires regulation.
Pretty much everything does.
We can't even have medicine without regulation to make sure people aren't filling pills up with nothing (or toxins) just to make an extra couple percentage points.
We don't have private justice, or private law enforcement. Why private prisons?
> We don't have private justice, […]
Then what do you call arbitration causes?
> […] or private law enforcement.
But the laws are enforced differently based on race and economic status. It may not be private, but “rich white people” basically have an entirely different class of protection than anyone else does.
1. Binding arbitration only applies to a very, very small subset of all possible things that you can sue over.
2. Even binding arbitration can be overturned for fraud or bias.
> It may not be private, but “rich white people” basically have an entirely different class of protection than anyone else does.
Explain to me how this differs from literally anything else.
If it's a reason we should ban private prisons, why isn't it a reason we should ban private everything else?
Don't tell me it's because prison is important and it majorly impacts people's lives - so do hospitals and schools and housing and many other things.