The central thesis of this book from beginning to end is the following: that the Bolivarian Revolution can only succeed if it goes beyond the boundaries of capitalist private property, expropriating the oligarchy and transforming itself into a socialist revolution. The Revolution has begun, but it is not finished.The old state apparatus is still largely intact and a number of key economic levers (including the banks and the land) remain in the hands of the Venezuelan oligarchy.

The campaign for Venezuela's presidential election on December 3rd is already well under way. But this is far from a normal election. On December 3rd what is really at stake is the future of the Bolivarian Revolution.

The expropriation of two golf courses in Venezuela was met with enthusiasm by wide layers of the Bolivarian movement and a hysterical campaign on the part of the bourgeois. In order for the revolution to move forward these expropriations must continue and must be extended.

The December presidential elections are an important turning point in the development of the Venezuelan Revolution. They reflect the struggle between the Venezuelan workers and peasants and the oligarchy and imperialism. Our attitude towards these elections is therefore a key question.

Chavez is about to visit Iran. We understand the reasons for reaching trade deals with a regime like the Iranian. The US is attempting to isolate Venezuela, but we believe it is one thing to reach such deals and it is another to present the Iranian regime as if it were somehow “revolutionary”. To do such a thing would sow confusion among the Iranian workers, the only ones who have a genuine interest in defending the Bolivarian Revolution.

Latin America is a huge area of the world, rich in human and material resources and yet a large part of its peoples live in poverty. Most of the countries that make it up speak a common language and have a common history. Simon Bolivar raised the idea of uniting all these countries to fight the imperialists. In today’s context this idea translates into the Socialist United States of Latin America – a socialist federation.

Prior to the Venezuelan elections there were clear indications that elements within the oligarchy were planning a coup or even possible assassination of Chavez. The opposition parties boycotted the elections as part of this plan to destabilise the country. They failed miserably. The Bolivarian parties have now total control of the National Assembly. They could mobilise the masses while at the same setting in motion all the legal procedures to abolish capitalism once and for all. But will they do this? To vacillate now, to attempt a compromise, would mean giving the opposition a dangerous advantage.

There are many bourgeois historians who believe that history is made by “Great Men and Women”, kings and queens, statesmen and politicians. It is this unscientific approach that Marxism is opposed to. However, Marxists do not deny the role of individuals in history. History is made by people. But we need to uncover the dialectical relationship between the individual (the subjective) and the great forces (objective) that govern the movement of society and see this role in its historical context.

“This is an historical gathering. For the first time workers from occupied factories from across the continent are meeting together” (Serge Goulart, United Workers’ Council of Brazilian group of occupied factories)

“We have shown how the workers can run the companies, and this means we can run society as well” (Ricardo Moreira, PIT-CNT, Uruguay)

This book, originally published in May 2005, is a collection of articles written by Alan Woods and covers the momentous events of the Bolivarian revolution from the April 2002 coup which was defeated by the masses, up until 2005 when president Chavez declared that the aims of the Venezuelan revolution could only be achieved by abolishing capitalism. More than a decade has passed since the publication of the book and the warnings contained within it have come true: the failure to move towards socialism is at the bottom of the crisis facing the Bolivarian revolution today.

In his weekly Alo Presidente TV programme, Venezuelan president Hugo Chavez announced that some 136 closed factories are being surveyed with the aim of expropriating them. Within the workers’ movement this has been enthusiastically received. The main discussion now is what is meant by socialism, how to apply “co-management” and what the role of the workers is in the revolutionary process and in the economy.

Alan Woods provides some very interesting insights into the processes taking place within the Venezuelan working class, the discussions on what kind of workers’ control is needed, on what is the next step facing the Revolution, and so on. His notes from his trip to Venezuela in April reveal a growing socialist consciousness among the Venezuelan masses. See also pictures from the visit.

The progress of the Venezuelan Revolution has inevitably brought it into conflict with the vested interests of the oligarchy. At every step the demands of the masses in both town and village clash with the so-called sacred right of property. Upon the resolution of this contradiction the future of the Revolution depends.

Two days ago, Venezuelan President Chavez gave a speech at the Gigantinho Stadium at the closing session of the World Social Forum in Porto Alegre, Brazil. In this speech, President Chavez gave further indications of the direction in which the Bolivarian Revolution is moving.

Dramatic events are unfolding in Venezuela. Although the nationalisation of Venepal in itself it does not yet mean a qualitative change in the class nature of the Venezuelan Revolution, this bold measure certainly signifies a step in the right direction. It indicates that the working class is intervening in the Revolution with increasing determination, pressing for its independent class interests, demanding a break with capitalism and pushing the Revolution forwards.