“In a way, the World War III has already begunRoubini said. “It started in Ukraine because this conflict has broader implications that go far beyond Russia and Ukraine. It’s the beginning of something else.”
New cold war between the West and “revisionist powers”
Roubini highlighted thegeopolitical threats and what he calls a new cold war that has emerged between the United States and China, as well as between the West and “revisionist” powers like Russia, China, Iran, North Korea and Pakistan.
“Basically, are challenging the economic, social, and geopolitical order that the United States, Europe, and the West they created after World War II,” Roubini said.
Besides Ukraine, another hot spot could be Iran, according to Roubini: “The negotiations between the United States and Iran on the new nuclear deal are leading to a dead end and Israel is saying that if (Iran) invests in nuclear weapons, which they are one step away from doing, they will attack it.”
At the same time, The United States and China are on a collision course as the two countries continue to drift apart on different fronts, from trade to the movement of labor and technology.
“I believe that in the next five or ten years there will be a confrontation between the United States and China On the subject of Taiwana situation that could be the trigger for this cold war to become a hot war,” he said. “That’s how we would get to World War III”.
The Chinese president, Xi Jinping, ratify a third term in the presidency of the nation during the National Congress of the Communist Party this week and cement himself as China’s most powerful ruler since Mao Zedong.
On Sunday, when the congress began, the Chinese leader incited further increase China’s militaryas reported and said that the country has to “prepare to face the dangers in times of peace, must be prepared for rainy days and be ready to withstand the enormous challenges represented by strong winds and large waves.”
The conflict in Ukraine took another turn on Monday when a wave of explosive-laden Russian suicide drones exploded in kyiv. The attacks set buildings on fire and further frayed nerves in Ukraine’s capital.
Source: Ambito
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