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.

The economic situation facing the masses in Venezuela has suffered a sharp turn for the worse over the Christmas period. The problems that already existed have worsened, with prices spiralling out of control, a further collapse of the transport system and an aggravation of scarcity (of food, fuel and cash). This has led to scattered protests and incidents of looting.

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