Krugman makes a clickbaity argument that the US might be suffering from the resource curse. The resource curse take two forms. The one I'm most familiar with is that poorer, developing countries that have abundant mineral wealth are usually autocratic. The reason is the inverse of the old revolutionary slogan, "No taxation with representation." In a resource state, there is no need for taxation so there is no representation. Additionally, control of the government means control of the resource (usually oil), and that means losing control of the government means losing access to all that wealth.
Krugman does not seem to be argument that for the US, and I would agree, we aren't in that state. Yesterday's No Kings rallies may have had 8,000,000 attendees. I would say that they one I attended was not necessarily better attended than the one in the fall, but that supportive honking by passersby was higher. Protesting is...weird. It does however stand in for civic engagement.
The reason why the US is not likely to rely on resources to become a petrostate is twofold. The first is that despite being the world's largest oil producer, oil is still a relative small part of our overall economy. If you want to get rich in America, you go to Wall Street or Silicon Valley, not to Washington, DC to extract rents from the oil industry.
The second reason is that America already has a well-established democracy. Yes, Trump is waging wholescale war on our democratic institutions and norms, but just like his war against Iran, his tactical wins do not mean strategic victory. Part of the "logic" of authoritarianism and the heart of Project 2025 is that you can simply overwhelm the opposition through "strength" and speed of action. Trump has achieved speed of action - again, in both his assaults on America's democratic institutions and Iran's military infrastructure. However, he cannot understand that the opposition gets its say, too.
American history is not a triumphal march of progress. It is a long and painful conflict between our ideals and our baser instincts. It is messy. Right now, it seems like everything is unravelling. However, as I said a few months ago, as a political scientist, I would argue that you should be afraid. As a historian, I would argue that you should be patient.
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