[mrDmrTmrJ]

The idea that strong currency, due to oil exports, kills a manufacturing sector is named the "Dutch Disease" after the Netherlands experience post 1977.

https://en.wikipedia.org/wiki/Dutch_disease

So a country without colonial intervention was still severely harmed. I'd argue similar dynamics apply to resource intensive US states - e.g. West Virginia. The article is largely about how an Iraqi helped Norway avoid the same fate which is really cool.

Certainly over-throwing the Iranian government was terrible. But the key point is that the core economic problem of a resource sector 'crowding out' productive investment is a completely separate issue that occurs frequently in western countries that feature near zero political interference.

[wintermutestwin]

Thanks for the high value response!

I was less trying to make a bumpersticker point and more fishing for interesting perspectives like these to broaden my understanding of complex political/economic issues.