Defence Finance Monitor

Defence Finance Monitor

The Conventional Stability Paradox: Power Projection in the Third Nuclear Age

An analysis of how nuclear parity has evolved from a general deterrent against war into a stabilising condition that enables high-intensity conventional conflict, through the mechanisms of Instrumenta

Jan 15, 2026
∙ Paid

The transition into the Third Nuclear Age represents a fundamental disruption in global security, characterized by the convergence of multipolar competition and disruptive technologies. Unlike the bilateral predictability of the Cold War, this era is defined by a strategic environment where nuclear weapons no longer merely prevent conflict but increasin…

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