BUSINESS
06/22/2012 08:42 am ET | Updated Aug 22, 2012

Paul Krugman Blasts The 'Corrupt Nexus Of Privatization'

Over the past few days, The New York Times has published several terrifying reports about New Jersey's system of halfway houses -- privately run adjuncts to the regular system of prisons. The series is a model of investigative reporting, which everyone should read. But it should also be seen in context. The horrors described are part of a broader pattern in which essential functions of government are being both privatized and degraded.

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