Wealth of Nations

Wealth of Nations

How The West Was Lost

China spent decades laying its rare earths trap. Then Donald Trump blundered straight into it. Now there is no way out. Some thoughts on how we got here, and what happens next

Oct 19, 2025
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brown 2-storey house near wagon
Photo by Eniko Polgar on Unsplash

Here is this week’s newsletter. A warm welcome to new subscribers. Thanks as always to the generous paid subscribers whose support makes this worthwhile. It is hugely appreciated. This post is all about rare earths because I think it is interesting and important. I have made it free to read thanks so please do share with…

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