Socialism is not all bad. Real estate is classic socialism in every way and it works.
What resources then? Industries grew in California and brought money, sure. But my point stands that the huge swath of mismanaged red states are not at the bottom of metrics because of resources. They have enough to be middle of the pack! I do say hundreds of years of bad governance. As far as the blue cities go - there is good, bad and ugly everywhere. For example, NYC is beautiful and full of opportunities, but has a down side for sure. Some parts are disturbing. That is the nature of 8 million people in a few square miles.