A recurring theme of criminal justice reform in the years following the financial crisis of 2008 has been the costs of incarceration and the effort to reduce correctional populations. This paper examines one aspect of this post-crisis landscape: the social impact bond (SIB). First piloted in Peterborough prison in 2010, SIBs use private investment to fund social programs with governments paying a return if these programs are successful. Drawing from research on SIBs in Canada, the United States and the United Kingdom, the paper explores this effort to turn (re)offending into an investment, its challenges and how SIBs reveal a financial ‘style of reasoning’ that is re-shaping the ‘culture of crime control’ with critical implications for providers, programs and participants.

中文翻译：

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危机后投资于预防犯罪：社会影响纽带、（重新）犯罪的价值和新的“犯罪控制文化”

在 2008 年金融危机之后的几年中，刑事司法改革的一个反复出现的主题是监禁成本和减少惩教人口的努力。本文探讨了危机后形势的一个方面：社会影响纽带 (SIB)。SIB 于 2010 年在彼得伯勒监狱首次试点，利用私人投资资助社会项目，如果这些项目成功，政府将支付回报。本文借鉴加拿大、美国和英国对 SIB 的研究，探讨了将（重新）犯罪转变为投资的努力、挑战以及 SIB 如何揭示一种正在重塑金融体系的金融“推理风格”。对提供者、项目和参与者具有重要影响的“犯罪控制文化”。