European capitalism is in crisis. Faced with industrial and economic decline, a deep rot within the system has been exposed. This presents massive opportunities for the workers of Europe to overthrow this decaying system. Social movements have exploded across the continent, and "anti-establishment" populist politicians are on the rise. Josh Holroyd explains the underlying processes behind all of this, and the perspectives for the coming period.

Josh Holroyd is a member of the International Secretariat of the Revolutionary Communist International, and an editor of the In Defence of Marxism magazine.

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This presentation was recorded in Toronto on February 12, 2026, at the national headquarters of the Revolutionary Communist Party.

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