>Was it ever explained how tony built a satellite that contained lethal drones that granted him the ability to target anyone and pick off whoever he arbitrarily deemed a threat?
...With his billions of dollars?
In a weird way, out of S.H.I.E.L.D., the U.S. Government, NATO, etc...I'd still probably trust Tony with that kind of power before I'd trust any of those, and yes, I am saying that even considering the Ultron scenario and his meltdown aimed at Bucky. Tony makes mistakes, but out of all of the aforementioned parties, is the least likely to use that power against political targets and/or in nationalistic self-interest. He's not perfect, but generally speaking when it comes to MCU Stark, if he's deemed it a target, it's probably something that poses an actual threat to peace, worldwide or otherwise, and he'd sooner make use of it to neutralize threats with as little collateral damage as practicality would allow, maybe even non-lethally, if the he can manage it and the target isn't necessarily guilty of anything outright heinous.
The militaries and governments of the world may work towards one peaceful goal, but on a more honest level, they tend to be run by big egos with little conscience, and conflicts of interest are not only common; they're part of the nature of politics, the military, and the military industrial complex. Stark, for all his grandiose, ego-driven shenanigans, actually seems to have a great level of understanding of what protecting the world and maintaining world peace actually entails on a purely logical and practical level, and while that understanding and resulting paranoia led to some of his worst mistakes, he's also the one that learned the most from those mistakes, ironically making him more hardened and wise as a protector and better suited to protecting the world in an overarching, big-picture sense ("earth's best defender" as Steve Rogers puts it.)
He's not the ideal option, but he's the best option. Just my two cents.
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