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Oscar_Cunningham comments on Crime and punishment - Less Wrong
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Punishment also has the effect of discouraging further crime, of course. A lot of discussion goes wrong by conflating this purpose with others.
ETA: Also, your second link is broken.
The second link (fixed, thanks) is to a post arguing that people don't punish the way they should if their goal is to discourage crime.
I revised the post extensively to say that the idea that justice should deter crime is, at best, controversial.
If you're interested in further reading on crime policy, I've recently seen a lot of positive reviews of Mark Kleinman's "When Brute Force Fails: How to Have Less Crime and Less Punishment."
I confess to not having read it myself yet, but the subtitle was too perfectly germane not to mention here.