You could step back a little and note how it’s been done before by other empires. The fundamental process that becomes a trap is consumptionism vs creativity/skills. Once any society has money to purchase goods and services, they lose the ability and control and response-ability for their resources, both natural and human. Money separates value from price and it separates labor from wages, especially when the value of the money is taken further into monetary exchanges and speculation. Spain used stolen gold to buy its way back to the stone age. America used stolen oil money to buy its way to global collapse.
The Earth now has billions of employees with no applicable skills, yet they all expect it to feed and shelter them. This is the legacy of global capitalism. We can complain about the Anglo-centric bent of it, but the core problem is that humans created civilization as a one-way resource path that exploits nature.