Throughout history, the concept of global stability has been defined by the dominance of leading powers through periods of "Pax". From Pax Romana, where Roman might forged centuries of peace, to Pax Britannica, when British naval and industrial supremacy shaped the world, and most recently, Pax Americana, the post-WWII era defined by U.S. military, diplomatic, and economic dominance.
However, an increasingly competitive multi-polar world is eroding Pax Americana, demanding the question: who will lead the next phase of global stability and prosperity, and how?
In the past few decades investors prioritized bits over atoms, yielding extraordinary leaps in communication and computation, but at the cost of resilient supply chains, energy abundance, military superiority, infrastructure, and critical technologies. We believe the next phase of global leadership will be rooted in technical superiority of the physical world.
At Pax, we call this coming future the Pax Technica.
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