The Failed state (n.) can still do plenty for the rich; for the general population it is a can't-do government.
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A Failed state (n.) need not be weak: Nazi Germany and Stalin's Russia were strong, yet failed as fully as any states in history.
A Failed state (n.) is a story told about the final days, with all the blame on locals and none of the background on who undermined them.
A Failed state (n.) is, in the American strategic tradition from Florida in 1818 to Iraq in 2003, a dangerous power vacuum the United States must fill for its own security.
A Failed state (n.) will not or cannot shield its citizens from violence, places itself above domestic and international law, and keeps democratic forms emptied of substance.