First of four parts : Fishing, a very special business
Forty-four years ago, average Alaskans voted one of the state’s most powerful special interest groups a gift of almost unbelievable proportions. It was called the Alaska Limited Fisheries Amendment. It allowed a tiny minority of people the opportunity to exploit a vast public resource free from competition. It was not meant to privatize that resource, but it did.
It was the first permanent dividend to be granted in the 49th state, and it was given solely to then struggling commercial fishermen in the hope their businesses would flourish and strengthen the far north economy. It has not exactly worked out that way. Continue reading “Alaska’s greatest gift, Pt. 1”