After a week of mass mobilisation, demonstrations, strikes and clashes, on Friday 21st of January tens of thousands of Indians, peasants, workers and students in Ecuador took over one by one the buildings of the Parliament, the Supreme Court and the National Palace and established an alternative government. Faced with these events the world's mass media, which had remained silent for the whole week, started to scream that a military coup had overthrown the government of president Jamil Mahuad. It is therefore necessary to clarify first of all that what has happened in Ecuador in the last week is a revolution.

It is nearly seven years since George Bush, the then president of the US, made his famous "New World Order" speech. This was in 1991. In the build-up to the Gulf War the main imperialist power on earth promised a world without wars, without dictatorships and, of course, a world firmly under the control of a single all- powerful world policeman--the US. After the fall of Stalinism, US imperialism really thought that the world would be firmly under their command and they would be able to dictate the destiny of each and every country. All conflicts in the world were to be solved through dialogue in a kind of "Pax Americana." Now all these dreams have been reduced to rubble. In this document Ted Grant and Alan Woods make an in-depth analysis of the history of the imperialist domination of the Third World and the way. Written in June 1998.