The author begins his essay by describing the global nature of capitalism under the rule of the US Empire, and argues that there is a kind of WWIII in that international capitalists associated with the Empire constitute a new ruling class that is waging austerity wars against populations under their control.
WW III is already here; it has indeed been raging on for years: the unilateral, cross-border neoliberal war of austerity economics that is waged by the transnational class of financial oligarchy against the overwhelming majority of world citizens, the global 99%.In contrast to Andre Vltchek this author sees the aggressive policies pursued by the Empire as likely being limited to small wars and various subversive projects.
Globalization of capital and interdependence of world markets has reached a point where large scale military clashes of the magnitude of World Wars I & II could lead to financial catastrophe for all. Not surprisingly, the network of transnational financial elites, who often elect politicians and run governments from behind the scenes, seem to be averse to another wholesale international war that could paralyze worldwide financial markets.