Just before dawn on 30 April, the Venezuelan opposition launched yet another attempt at a military coup. By the end of the day, the botched coup attempt seemed to have failed, with one of its leaders seeking refuge in the Spanish embassy, 25 of the soldiers involved requesting asylum at the Brazilian embassy and Juan Guaidó in hiding or on the run.

The self-proclaimed “Interim President” of Venezuela Juan Guaido is attempting to carry out a military coup, “Operation Freedom”, as he has named the “final phase” of his attempt to remove Maduro. He is joined by Leopoldo Lopez, who was freed by a handful of police and armed forces from house arrest early this morning. It is “an all-or-nothing move”, as some have described it.

In the last week of March, the global capitalist crisis was expressed in the fall in value, over two consecutive days, of the most important stock exchanges in the world. Added to this is the collapse in the currencies of the so-called emerging economies and the deepening trade war between China and the United States. Although still in its early stages it is set to be a shock to the global economic system. In short, we are in the throes of a recession and are yet to witness its full extent.