On September 26 the people of Venezuela will be electing a new National Assembly. The reactionary Oligarchy, backed by imperialism, is taking advantage of the shortcomings of the revolution to strengthen its position and prepare for the counter-revolution. The Venezuelan revolution has gone a long way, but key economic levers are still in the hands of the Oligarchy. What is required is to fully carry out the socialist revolution and expropriate the capitalists and landlords. That is the only way of making the revolution irreversible.

If it is to succeed, the Venezuelan revolution must be taken to the very end, with the expropriation of the capitalists and landlords who still control two thirds of the economy. This is a powerful lever in their hands that they are using to organise economic sabotage to undermine the government. The right-wing, reformist fifth columnists within the Bolivarian movement are attempting to hold back the revolution. That is where the danger lies.

A decisive battle has been going on within the PSUV in Venezuela, a battle over who are to be the parliamentary candidates for the party in the elections later this year. The left have been fighting an unequal battle, where more right-wing candidates have had much more resources and official backing locally than candidates who genuinely represent the workers and poor. It is a key battle in the Venezuelan revolution.

At a gathering of 150 PSUV activists held in the Teresa Carreño Theatre in Caracas a critical mood was evident after it had become clear that the right-wing bureaucracy within the party had manoeuvred to get its candidates adopted in the selection process for the prospective parliamentary candidates to be presented in September’s general election.