It is a cliché of Canadian political economy to say that if the US sneezes, Canada gets a cold. When the US gets a cold, Canada suffers pneumonia. The reason for this is very simple; the Canadian economy is based on the export of manufactured goods to the United States. The Fightback Editorial Board looks at the world situation and how this affects Canada.

Once upon a time, during the dark ages in the Middle East when tyrants and one party rule were the norm in countries like Egypt, Iraq and Israel/Palestine, there lived a great and wise man who believed that one day “freedom” and “democracy” would rule the earth. This man’s name was George W. Bush.

Alan Woods provides some very interesting insights into the processes taking place within the Venezuelan working class, the discussions on what kind of workers’ control is needed, on what is the next step facing the Revolution, and so on. His notes from his trip to Venezuela in April reveal a growing socialist consciousness among the Venezuelan masses. See also pictures from the visit.

Over the past couple of years the U.S. economy has gained some momentum and avoided slipping back into recession, but this was based on the increased squeezing of the U.S. and world working class, not job growth or significant investment in productive capacity. Even if the U.S. economy miraculously takes off in the second half of 2005, the damage has already been done for millions of working Americans.