Throwing bad money at bad policy is never a good idea. Chris Edwards of Cato explains how Redskins owner Dan Snyder’s money will not drive fundamental change for tribal communities.
The owner of the Washington Redskins, Dan Snyder, has launched the Original Americans Foundation to “provide resources that offer genuine opportunities for tribal communities.” Snyder and his staff have recently visited a couple dozen Indian reservations, and they are determined to “work as partners to tackle the troubling realities facing so many tribes across our country.”
This sounds like a very worthwhile initiative. However, Snyder’s efforts so far seem to be focused on providing hand-outs, such as coats, shoes, and a backhoe. Such aid may provide short-term relief, but it will not change the long-term prospects of the many reservations that have deep-seated problems of poverty and economic stagnation.
If Snyder wants to drive fundamental change, I’d suggest that his new foundation focus on the need for institutional reforms in tribal governments and in the relationship between tribes and the federal government. Indian reservations are often lacking individual property rights to land, dependable security of contract, efficient administration, and impartial legal proceedings. As a result, they can be starved of commercial business lending, real estate development, entrepreneurship, and capital investment.
E.J. Smith - Your Survival Guy
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