| ID | 173826 |
| Title Proper | Small groups of investors and their private armies |
| Other Title Information | the ascendance of private equity firms and their control over private military companies as further evidence of epochal change theory |
| Language | ENG |
| Author | Stinchfield, Bryan T |
| Summary / Abstract (Note) | Compelling trends in international affairs, such as the rise of private military companies (PMCs) and the increasing fragility of many nation-states, have caused some observers to question whether the state-centric, Westphalian world-order will exist in perpetuity. In this light, epochal change theory posits that world-orders have constantly changed and we are now witnessing a transition to a new one. In this paper, I discuss how small groups of private equity investors now control impressive war-fighting capabilities, and that this acquisition of PMCs by private equity firms is further evidence of epochal change theory. |
| `In' analytical Note | Small Wars and Insurgencies Vol. 31, No.1; Jan 2020: p.106-130 |
| Journal Source | Small Wars and Insurgencies Vol: 31 No 1 |
| Key Words | Private Military Companies ; Private Military Industry ; Private Equity ; Epochal Change Theory ; Westphalian World - Order |