Having a lot of resources is a curse. Countries that have natural ressources (Iran, Algeria, Nigeria, Russia) tend to be highly corrupt and exploited by a small elite. It’s simple. The elite can take control of the oil fields, the gas fields, the mines. Just sell ressources. Shoot protesters. No need to invest in anything else. It’s much better to live a country with limited resources (Taiwan, Japan, Switzerland). Lack of resources force the elites to invest in science and education. The most unlucky country in Africa is Congo. It’s full of diamonds, forests, oil, gas, lithium, cobalt, rare earth. So Congo has suffered horribly because of that. In fact, it’s still being looted.

This isn’t actually true. You can look at the Nordic countries which are very oil rich and owe a lot of their prosperity to that. The United States is pretty resource rich as well. What is a curse is imperialism, and having lots of resources attracts lots of imperialists. The “oil curse” or “resource curse” is a myth made up to whitewash imperialists and absolve them of guilt.

Strap in and let me tell you about my special interest, Iranian history. In the 1800s, before the discovery of oil, Iran was ruled by an extremely corrupt line of shahs who sold out every part of the impoverished country to fund their lavish lifestyles and massive harems - to the point that other countries had to step in and say that they weren’t allowed to sell out that much of the country. But the Iranian people were upset by this state of affairs, and staged a massive boycott, which set the stage for a mass movement in 1905 that established a democratic parliament and a constitution, with the support of an overwhelming majority, including the clergy (a fatwa was actually issued declaring violating the boycott to be haram). Iran was well on it’s way to becoming a peaceful, prosperous, democratic society - but then the Fire Nation attacked, in the form of the British and Russian Empires moving in, shelling the parliament building and dividing the nation between themselves, like a pack of wolves.

The Iranian people suffered tremendously in the following years, with major plagues, famines, and genocide conducted by the Ottoman Empire. Of course, the Russian Empire collapsed, the British took the opportunity to unify the country, propping up a shah of a new dynasty as their puppet. That shah proved uncooperative during WWII, and the Allies invaded to set up supply lines between the Eastern and Western fronts and to secure the Iranian oil (which had now been discovered), and the shah was forced to abdicate to his son, who the British found more amenable.

The British technically owned the rights to Iran’s oil, but the deal they had made was with the previous dynasty (Qajar). The one that had been selling out their country to an absurd degree, the one that had been overthrown by the people precisely because they were selling out the country, and so naturally the deal they had struck with the British regarding oil (which had been made before oil had even been discovered in Iran) gave them extremely lucrative terms. But it actually didn’t matter how lucrative the terms were because the British were just straight up stealing it. They falsified their records and forbid any kind of inspection of their facilities.

This led the Iranian people to once again mobilize in support of democracy and self-rule. As outrage over the exploitation grew, the shah, who had previously rubber-stamped anyone the British picked, began to fear his own people more than the British and appointed democratic reformer Mohammad Mossadegh as prime minister. After the Iranians had watched the British stonewall them for decades, Mossadegh nationalized the oil industry with overwhelming public support. Iran was once again on track to becoming a peaceful, democratic, independent country.

But the British set up a naval blockade that crippled their economy. Iranians, at this point, had a neutral to positive view of the US, and hoped that it would live up to its stated ideals and support them against the British. The British, meanwhile, expected the Americans to back up their “property rights.” President Truman threw up his hands in frustration, seeing both sides as intransigent. But Churchill simply waited him out, and offered his successor Eisenhower British support in Korea and NATO in exchange for the CIA launching a coup, and so Iran was passed around like a bargaining chip. Mossadegh’s commitment to democratic ideals allowed the CIA free reign, he didn’t crack down on the press despite the CIA controlling virtually all the newspapers, he didn’t crack down on protests while the CIA was hiring protesters on both sides, etc. Naturally, he was ousted (although the CIA denied it/covered it up for decades), and the shah was given much more power (which he used to hunt down and exterminate the Iranian left) and the oil kept flowing.

But after a few decades, once again, outrage over the exploitation came to a head, and the shah, seeking to appease his people, participated in a multinational oil boycott. But as a result, his foreign support was withdrawn, which set the stage for the Islamic Revolution. President Carter, against the advice of his state department, allowed the shah to take refuge in the US. Naturally, this outraged the Iranians, because the US had previously staged a coup to install the very same man as a dictator. In retaliation, some of the revolutionaries seized the US embassy and took hostages. This of course led to a breakdown in relations between the US and Iran.

And so, Iran is often held up as an example of this supposed “resource curse” that leads to political instability (not to mention the old line about “Islam is incompatible with democracy”), but the reality is that the country had multiple times in its history where it could’ve become stable, peaceful, democratic, and independent, but those chances were destroyed, not by Iranians, but by foreign imperialists, the vile colonial empires of the British and Americans. Had they simply been left alone, they would not have suffered from this supposed “resource curse.” If you look into the history of any similar country, you will find a similar story. But the history of these countries are simply not taught and not known in the imperial core, and so other explanations are invented.