Ex-World Bank Lead Economist Says WW3 is Being Made More Likely by Current State of Capitalism

On this episode of Going Underground, we speak to Prof. Branko Milanovic, former Lead Economist at the World Bank’s Research Department for almost 20 years and Author of The Great Global Transformation. He discusses the looming danger of World War 3 and the similarities of the world today with the world prior to WW1, why more globalisation actually increases the risk of World War 3, how the Ukraine proxy war specifically is putting us at risk of WW3, and the rise of military-Keynesianism in the US & Europe. Afshin Rattansi challenges him on the record of the World Bank’s destruction of the economies of so many countries, whether BRICS institutions will be able to replace the IMF & World Bank, the success of China’s economic model and whether China is trying to export Chinese communism, and whether this is the end of neoliberal economics. Chapters (00:00:00) - Going Undercover: Great Global Transformation(00:01:42) - Trump's War Plan for Asia(00:10:32) - Former World Bank Lead Economist Brago Billowicz on His Experience at(00:13:07) - Branko Milanovic on the International Organizations(00:20:13) - BRICS: At the End of Neoliberalism(00:23:47) - Military Keynesianism