As the Venezuelan presidential election on 20 May draws closer, the campaign of imperialist aggression by the US and its allies intensifies. The aim is clear: to implement regime change. At the same time, the economic crisis gripping the country has reached intolerable levels for the workers and the poor, and the government’s policies are impotent to resolve the situation. A revolutionary alternative is required, one capable of fighting the right wing and showing a real way out of hyperinflation, scarcity and economic depression.

Today marks the anniversary of the defeat of the coup that attempted to remove President Hugo Chavez from power in 2002. Within 48 hours, reaction was defeated by a magnificent movemenet of the Venezuelan masses. Here we reproduce the analysis of those events written by Ted Grant and Alan Woods, originally published on 14 April 2002.

Five years have passed since the death of Hugo Chávez. I had known him for almost ten years and had an enormous respect for his courage, honesty and dedication to the fight against oppression and exploitation. For this he earned the hatred of all the forces of the old society: the bankers, capitalists and landowners, the imperialists, the CIA and of course the so-called ‘free press’ that is merely the slavish mouthpiece of the old order.

It is clear that US imperialism and its lackey countries have increased aggression against Venezuela in recent weeks. The aim has been declared publicly: to trigger a coup d'etat against the government of President Maduro and allow the capitalist oligarchy to take control again. It is necessary to respond with revolutionary measures that strike a blow at the economic power of the oligarchy: the agents of imperialism in the country.

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