It lends itself to a rentier capitalist model, and to oligarchies, and to a stagnant conservative investment class that just wants to coast off their proximity to resources.
Real estate coasting is arguably even worse, but not by much.
Notably the United States is actually trying to make this worse with their tariffs on us. Alberta oil and gas is tariff free while our value added manufacturing sectors are highly tariffed.
It makes no sense to try to kill Quebec's aluminum sector since it's the most logical place to smelt aluminum on the whole continent, but they're trying to, anyways.
A 5-year-old could correctly answer that we should then NOT try to make metals cost more because that screws our big industries while helping almost no Americans. But somehow our tariff policy is set by people with less sense than a small child.
Also if your goal is to eventually annex Alberta and destroy the Canadian state more generally, you'd do this kind of thing. Esp when the premier of Alberta comes down to Mar-a-Lago right after your elected, to kiss your ass.
Same as bombing Iran with no plan for an exit does nothing good for either Iranian or American citizens, but it does good things for the price of oil and therefore your friends in the resource sector.
Oh look, Trump just announced another maybe-ceasefire and the stock market skyrocketed. Hope all his friends got their buy / sell opportunities in before market close!
It's all just awful.