Scott Alexander criticizes the idea that prisons have replaced mental hospitals, arguing for better community and forensic mental health care instead of long-term institutionalization. Longer summary

Scott Alexander critiques a Vox article that suggests America's criminal justice system has become a substitute for the gutted mental health system. He argues that this view is misguided, explaining that mental health spending hasn't decreased but shifted from long-term state hospitals to community care. Scott contends that the high number of mentally ill people in prison is due to shared risk factors with criminality, not a lack of mental health care. He emphasizes that most mentally ill people can live outside institutions and shouldn't be institutionalized preemptively. Scott advocates for better funding of community and forensic mental health systems rather than reopening state-run long-term mental hospitals, which he views as problematic. Shorter summary

Scott Alexander explores social impact bonds as a potential way to use corporate greed to solve social problems more efficiently than current government programs. Longer summary

Scott Alexander discusses social impact bonds, a system where corporations invest in solving social problems and get paid by the government if they succeed. He compares this to prediction markets and sees it as a way to use greed for good ends. The post explores potential applications in healthcare, education, and crime prevention. Scott also discusses the risks and potential for abuse in such systems, but ultimately sees them as a promising way to address social issues more efficiently than current government programs. Shorter summary