Very severe crisis as in the US but with this difference. In Europe, the working class still has significant organizations (labor unions, left parties and social movements) that can more quickly mobilize mass oppositions to the crisis, to bailouts of big banks and corporations, and to the austerity programs that shift the burden of paying for crisis and bailouts by cutting the public services and jobs of the governments just when a crisis-ridden population needs them most.

The votes for the Syriza Party in Greece, for the socialists in France, and for anti-capitalist parties growing across Europe show how much further European opposition is than the US. However, we must understand that after decades of endless propaganda about how capitalism guarantees prosperity and economic growth, people remain in a state of shock and disbelief that capitalism has so badly failed, that it brings economic and political hardship everywhere, and that it has no solution to its own failure. It takes time to overcome that shock and disbelief and anxiety about what is to be done.