WW3 is unlikely to happen due to the fact that full scale global war isn’t really possible with the existence of nuclear weaponry. That’s why global superpowers such as the US are much more likely to insert themselves into smaller proxy wars or use third parties (such as multinational corporations) in order to gain power. So realistically there won’t be a WW3 but that doesn’t discount the fact that the current state of political affairs is not looking good.