Harvard Econ Prof Spills Tea on How Indigenous Nations Can Get That Bag 💰
Harvard economist reveals factors that help Indigenous Nations become commercial successes. Harvard economist Dr. Joe Kalt just dropped some major knowledge bombs at the FNMPC conference in Toronto. Turns out, self-governance and keeping biz separate from politics are key to Indigenous communities t
TL:DR
Harvard economist Dr. Joe Kalt just dropped some major knowledge bombs at the FNMPC conference in Toronto. Turns out, self-governance and keeping biz separate from politics are key to Indigenous communities thriving. Colonization low key wrecked communities and cultures. No cap.
The Deets
Okay, so listen up, fam. Dr. Joe Kalt, a big brain from Harvard and co-founder of the Harvard Project on Indigenous Governance and Development, just clued everyone in on how Indigenous Nations can become commercial bosses. He was spitting straight facts at the First Nations Major Projects Coalition (FNMPC) conference in Toronto. Apparently, colonization totally messed things up, like, worldwide. They weren't even playing fair bruh. No cap.
His research is all about what makes Indigenous businesses pop off or flop. And guess what? Self-governance is where it's at. Kalt pointed out that in the US, income in Indigenous communities went 📈 way faster than the national average after they started doing their own thing. Same vibes in Canada, Mexico, and New Zealand. When Indigenous nations could do their own thing, they POPPED OFF!
But here's the real tea: keeping business and politics separate is a MUST. Like, if the tribal council is all up in the business, it's probably gonna fail. But if they have a separate board of directors? That business is gonna thrive. It's all about keeping it professional, ya feel? Economic development, bread, resources, education - no brainer!
Basically, Kalt was like, "Look at West and East Germany after WW2 to see how important governance is." And the FNMPC conference? It's a whole vibe. They're all about hooking up First Nations with the resources they need to get involved in major projects. This year had like 1,800 delegates! Huge W!
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| Spilling Tea | Telling gossip or sharing information. |
| Get That Bag | To make money. |
| Pop off | To succeed. |
| W | Win. |
| 📈 | An upward increase |