Ex-World Bank lead economist says WWIII being made more likely by current state of capitalism

On this episode of Going Underground, we speak to Professor Branko Milanovic, who was Lead Economist at the World Bank’s Research Department for almost 20 years and the author of The Great Global Transformation. He discusses the looming danger of WWIII and the similarities of today’s world with the world prior to the First World War, while explaining why more globalization actually increases the risk of WWIII breaking out. Then, he goes on to describe how the Ukraine proxy war is increasing the risk of a WWIII and exposes the rise of military-Keynesianism in the US & Europe. Afshin Rattansi confronts him on the World Bank’s role in destroying the economies of so many countries, while speculating on whether BRICS institutions will be able to replace the IMF & World Bank. The pair goes on to discuss the success of China’s economic model, while deliberating on whether China is trying to export Chinese communism, and then give their opinions on whether we’ve finally reached the end of neoliberal economics.

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