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The state's monopoly on force is ending, outsourced to a $200 billion private industry. explains the strategic shift to Private Military & Security Companies (PMCs/PSCs). Core thesis: States are leveraging PMCs for four key advantages: domestic deniability, geopolitical deniability, legal circumvention, and cost efficiency. Driving forces: State fragility, protection of critical infrastructure (Belt and Road, subsea cables), and a post-Cold War surplus of trained personnel. Regulatory Vacuum: The international legal framework, like the non-binding Montreux Document, is insufficient to regulate this industry. Case Study: China's PSC Model A strategic solution to protect vast overseas economic interests while maintaining a non-interference policy, using deep state oversight and local armed partners. Conclusion: PSCs are now a necessary component of global security, vital for infrastructure protection and maritime stability. Summarizes the shift in global security from state-controlled military operations to a sophisticated, $200 billion private service industry. The main claim is that the state's traditional monopoly on legitimate force is being dismantled and outsourced to Private Military Companies (PMCs) and Private Security Companies (PSCs), fundamentally altering the global order and creating new geopolitical challenges. The logic supporting this claim is based on four strategic advantages private security offers: deniability to domestic audiences, geopolitical deniability for force projection without diplomatic fallout, the ability to circumvent legal constraints and international agreements, and significant cost savings compared to mobilizing state military forces. This model is driven by state fragility, the need to protect natural resources and critical infrastructure (like the Belt and Road Initiative and subsea cables), and the post-Cold War supply of demobilized, trained personnel. The video highlights the weak international legal framework, specifically the non-binding Montreux Document, which creates a regulatory vacuum. The Chinese PSC model is presented as a strategic solution to protect vast overseas economic interests while maintaining a policy of non-interference, achieved through deep state oversight and reliance on local armed partners for kinetic operations. The necessity of PSCs is demonstrated by their role in critical infrastructure protection and maritime security, often acting as a stabilizing force in remote areas.