Europe was the birthplace of capitalism. Now it's in freefall.In this week’s Against the Stream, Hamid Alizadeh and Jorge Martín dive into the deepening crisis gripping the continent. Germany is launching a trillion-euro rearmament drive while simultaneously slashing 38 billion euros from pensions and healthcare. France can't pass a budget. The AfD is overtaking the CDU in the polls. And across Europe, the old political centre is collapsing.In reality, European rearmament has nothing to do with defending ordinary people. It's about defending imperialist interests, maintaining spheres of influence, and keeping up with a rising Russia that has won a proxy war against the whole of NATO in Ukraine.Then there's the economy. Energy prices have doubled or tripled since the war in Ukraine began. German industrial output in chemicals, steel and glass is nosediving. Europe is buying expensive American LNG while its industry bleeds out. And China is flooding world markets with cheap goods that European companies simply cannot compete with.The response from the European ruling classes all led to a dead end. While they might pay lip-service to EU integration, this is impossible under capitalism, as Lenin explained in 1915. The only real way out is the Socialist United States of Europe.New episodes of Against the Stream every Thursday at 6pm GMT on YouTube.