Squaring M squares its eigen values. Hence the radius of M2 is the square of its radius, and so on for higher powers.
In earlier sections we have seen the utility of switching to a similar matrix. If P is invertible then the limit of PMi/P, as a sequence or series, is Pl/P, where l is the original limit. If a sequence approaches 0, all similar sequences approach 0. We can therefore put M in jordan form, to see if Mn approaches 0. The diagonal elements of Mn are eigen values raised to the nth power, so the spectral radius must be less than 1. Conversely, assume the spectral radius is less than 1, and use the binomial theorem to see that the subdiagonal elements of a simple jordan block become n times the eigen value raised to the n-1. The next diagonal is (n:2) times the eigen value raised to the n-2, and so on. A power of something less than 1, times a polynomial, approaches 0. Everything below the main diagonal approaches 0. Therefore Mn approaches 0 iff the spectral radius of M is less than 1.
If M has spectral radius less than 1, 1-M is invertible.