Risky Business in Indian Country

Published: 
Monday, March 25, 2013

Ten years ago, the Hualapai Tribe in Arizona signed an agreement with a developer, David Jin, to build a glass Skywalk out over the Grand Canyon. After it was built, the tribe abruptly abrogated the contract; initially a U.S. District Court judge ruled that the tribe was a sovereign nation and could do so. Western First Nations own billions of dollars' worth of oil and gas, but as the tribes occasionally break ironclad contracts with investors, they scare off future development.  Where there is poor governance on the reservation, it leads to impoverishment among the people and exceedingly corrupt tribal leadership. PERC President Terry Anderson sat down with The John Batchelor Show to discuss why business can be risky in Indian Country. 

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Terry Anderson is the William A. Dunn Distinguished Senior Fellow and former President of PERC as well as the John and Jean De Nault Senior Fellow at the Hoover Institution, Stanford University. He believes that market approaches can be both economically sound and environmentally sensitive. His research helped launch the idea of free market...
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