And political will.
The Antipodes have such a problem with successful people we even invented a term for it.
https://en.wikipedia.org/wiki/Tall_poppy_syndrome
On the subject of free markets, Australia excels. We even let foreign entities extract and sell our LNG and pay no royalties and no tax.
https://australiainstitute.org.au/post/zero-royalties-charge...
Doesn’t get any freer than that!
Spain stripped S. America of its gold and silver, and neither Spain nor S. America benefited from it.