The quality of government is important too...a government that does not provide vital infrastructure and capital allocation to goods and services provision in areas that private capital fails to allocate will fail to maximise the wealth, security and prosperity of its citizens. Rare Earths is just one of many examples of a market and supply chain where private markets fail to provide and support the best outcome for an economy and where government capital allocation and strategic investment is vital. Another example is the ability of a nation state to project its power via military strength- the wealth of the USA is highly dependent upon this factor as it enables it to advance the interests of its corporates via use of force and the threat of use of force- it is via this military capacity that the petrodollar hegemony has been maintained and the extraordinary monetary privilege of the USA has been supported. State based monetary and military power projection are significant factors in the wealth of nations. The success of private enterprise is often subsidiary to and dependent upon them.