English → Portuguese transcript

Nós conhecíamos a história da ordem internacional baseada em regras que era

international rules-based order was partially false.

De que os mais fortes se isentariam quando fosse conveniente.

De que as regras de comércio eram aplicadas

de forma assimétrica.

E sabíamos que o direito internacional se aplicava com rigor variável, dependendo da

with varying rigor depending on the identity of the accused or the victim.

This fiction was useful.

Uma hegemonia americana em particular ajudava a fornecer bens públicos:

a stable financial system, collective security,

e apoio a estruturas para resolver disputas. Então colocamos a placa na janela.

Participamos dos rituais. E em grande medida evitamos apontar as

And we largely avoided calling out the gaps between rhetoric and reality.

This bargain no longer works. Let me be direct.

We are in the midst of a rupture, not a transition. Over the past two decades,

uma série de crises nas finanças, na saúde,

na energia e na geopolítica expôs claramente os riscos da integração global extrema.

extreme global integration.

Mas, mais recentemente, as grandes potências começaram

great powers have begun using economic integration as weapons.

Tarifas como instrumento de pressão, infraestrutura financeira como coerção,

Tarifas como instrumento de pressão, infraestrutura financeira como coerção,

cadeias de suprimentos como vulnerabilidades a serem exploradas.

Você não pode viver dentro da mentira do benefício mútuo

por meio da integração quando a integração se torna a fonte da sua

subordinação.

End of transcript · 236 words · machine translated

Original transcript (English)

We knew the story of the international rules-based order was partially false. That the strongest would exempt themselves when convenient. That trade rules were enforced asymmetrically.

And we knew that international law applied with varying rigor depending on the identity of the accused or the victim. This fiction was useful. An American hegemony in particular helped provide public goods: open sea lanes, a stable financial system, collective security,

and support for frameworks for resolving disputes. So we placed the sign in the window. We participated in the rituals. And we largely avoided calling out the gaps between rhetoric and reality. This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition. Over the past two decades,

a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons.

Tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited. You cannot live within the lie of mutual benefit through integration when integration becomes the source of your

subordination.

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