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The “disintegration” of global capitalism could unleash world war 3, warns top EU economist

Medium  – by Nafeez Ahmed

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.

Read the rest here: https://medium.com/insurge-intelligence/the-disintegration-of-global-capitalism-could-unleash-world-war-3-warns-top-eu-economist-769487210e8f

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