The “Disintegration” of Global Capitalism Could Unleash World War 3, Warns Top EU Economist

I think it may cause problems but not ww3. The phrase ‘mutually assured mass destruction ‘ comes to mind.

Rigged Game

Global conditions bear unnerving parallels with trends before the outbreak of the first and second world wars.

By Nafeez Ahmed and cross-posted from Insurge Intelligance

A senior European Commission economist has warned that a Third World War is an extremely “high probability” in coming years due to the disintegration of global capitalism.

In a working paper published last month, Professor Gerhard Hanappi argued that since the 2008 financial crash, the global economy has moved away from “integrated” capitalism into a “disintegrating” shift marked by the same sorts of trends which preceded previous world wars.

Professor Hanappi is Jean Monnet Chair for Political Economy of European Integration — an European Commission appointment — at the Institute for Mathematical Models in Economics at the Vienna University of Technology. He also sits on the management committee of the Systemic Risks expert groupin the EU-funded European Cooperation in Science and Technology research network.

In his new paper…

View original post 144 more words

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