Many of the 2011 protestors in the Arab World focused on socio-economic grievance. Subsequent attempts at explanation have emphasized different economic rationales for revolt and rebellion. This essay argues those claims may mistake outcomes for causes. Specifically, the failure of economic development to meet expectations emerged over time due to a fiscal crisis of the Arab state. The historical inability and political unwillingness of rulers to tax and redistribute resources domestically has had wide-reaching implications for understanding the path to 2011 and afterward. The essay demonstrates the contours of fiscal weakness in the Arab World and suggests ways in which it shaped corruption, inequality, and labor insecurity, all prominent grievances on display well before the 2011 uprisings.