
In this article I gave that introduces this metric, it has some explanations as to why they think this is a reasonable metric, though I don’t think that it directly corresponds to “net resources”. I think the point is that having a larger population to take care of requires more resources, hence making it more difficult to project global power, when comparing 2 countries with similar resources.
I think their criticism is based on idealism. They claim (unsure whether sincerely or not) that we categorically consider western powers as uniquely evil (or that we axiomatically consider that). They fail to see that we recognize the western powers as uniquely evil in the particular historical context of actual existing capitalism, colonialism, and imperialism.