For Europe, the lesson is sobering: we talk “sovereignty funds,” but GGFs already operate as a parallel financial infrastructure on a scale we haven’t matched. This is how China turns finance into an industrial weapon.

the next question must be democratization. what does it mean to politicize these funds and their sectoral targets? which countries will iterate on this model by further incorporating collective deliberation and decision-making?

“This moment need not be seen as a crisis. Rather, it presents a pivotal opportunity for Brazil to assert itself as a sovereign economic power – less reliant on Washington and more engaged with an emerging multipolar global order.” -Pedro Rossi
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