Book excerpt: A quarter of a century has passed since the Thatcher government launched one of its most controversial reforms: privately run prisons. This book offers an assessment of the successes and failures of that initiative, comparing public and private prisons, analyzing the possible and claimed benefits of competition, and looking closely at how well the government has managed the unusual quasi-market that the privatization push created. Drawing on first-person interviews with key players and his own experience working in prison finance, Julian Le Vay presents the most valuable look yet at the results of prison privatization for government, citizens, and prisoners.