Finally, an “influencer” talks about the WRC as the WRC:
My response:
Any “resource” may become a “curse” if the tax base is activity rather than wealth, and that revenue is not distributed to the middle class to support reproduction. That this is so can be easily seen from the way value from positive network externality of civilization falls on resources in terms of demand for them. This is true whether the resource is natural or artificial – especially in the case of the Worst Resource Curse: World Reserve Currency.
The ultimate manifestation of this “curse” is demographic collapse under the weight of an increasingly insular parasitic elite.