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This lecture will explore the challenges and opportunities that the unfolding polycrisis creates for movements seeking postcapitalist transformation, focusing predominantly on the European context. It will argue that polycrisis analysis is needed to illuminate the political possibility space and identify obstacles and trade-offs that counter-hegemonic movements must navigate. First I will analyze Europe’s ongoing polycrisis, focusing on some of the key intersections between the climate crisis, economic stagnation, energy and food crises, care crises, a crisis of democracy, the war in Ukraine, and Trumpian trade wars. Second, I will briefly discuss how these intersecting challenges are currently being framed by EU policy elites and why their proposed responses will almost certainly fail to adequately address this polycrisis. Third, I will explore four alternative futures for Europe: 1) social democratic reform with deepening European integration; 2) postcapitalist and postgrowth transformation with deepening European integration; 3) social democratic reform in the context of EU fragmentation; 4) postcapitalist and postgrowth transformation in the context of EU fragmentation I will discuss the various trade-offs and risks that each scenario would confront, as well as the counter-hegemonic coalitions and strategies that might make them attainable. I will argue that while scenario 2 is the most desirable future it is also by far the least likely to materialize, while scenario 4 is most likely the only politically plausible scenario for postcapitalist transformation in Europe, though it faces numerous obstacles and trade-offs of its own. --- Michael J. Albert is a lecturer in Global Environmental Politics at the University of Edinburgh. His first book - called »Navigating the Polycrisis: Mapping the Futures of Capitalism and the Earth« - investigates the possible futures of the world-system in an age of intersecting crises and imagines pathways of socio-ecological transformation beyond capitalism.