No longer a fringe academic theory, Poland is emerging as a top candidate for nuclearization. Its engineering capacity, wealth, and position next to an aggressive Russia and unreliable allies are driving serious consideration for its own nuclear deterrent, a topic now openly discussed by senior European military figures.

A destabilized Iranian regime is more dangerous, not less. Israeli intelligence fears Tehran might launch a strike on a foreign enemy like Israel to distract its populace, create a "rally 'round the flag" effect, and restore military pride after recent setbacks.

PGIM's Daleep Singh argues that the risk of mutually assured destruction prevents direct military conflict between nuclear powers. This channels confrontation into the economic sphere, using tools like sanctions and trade policy as primary weapons of statecraft.

China's nuclear strategy differs from the Cold War dynamic. While the US and Soviets were near parity, incentivizing de-escalation, China lags far behind with only 600 warheads to the US's 5,300. This massive gap provides a strong strategic incentive for China to rapidly build its arsenal to gain leverage, particularly regarding Taiwan.

In global conflicts, a nation's power dictates its actions and outcomes, not moral righteousness. History shows powerful nations, like the U.S. using nuclear weapons, operate beyond conventional moral constraints, making an understanding of power dynamics more critical than moralizing.

With its credibility destroyed by bloodshed, the Iranian regime's only remaining leverage over some citizens is the fear of a chaotic power vacuum. The prospect of a full-blown civil war may convince some to tolerate the current oppression over the alternative of total state collapse.

While the operation occurred in Venezuela, its primary psychological impact may be on Iran. The Iranians are reportedly "terrified," viewing the successful removal of a hostile leader as a direct threat and a plausible preview of future U.S. action against them.

The current geopolitical landscape shows that nations with nuclear weapons can act with impunity, while non-nuclear nations are vulnerable. The West's hesitant support for Ukraine reinforces this lesson, creating a rational incentive for smaller countries to pursue their own nuclear deterrents, risking dangerous proliferation.

Dara Khosrowshahi theorizes the Shah of Iran's regime collapsed because he modernized too fast, focused excessively on military power over industrial growth, and failed to bring along rural populations and integrate Islam into his vision, creating a power vacuum for the Islamic regime to exploit.