Last month the ruling United Socialist Party of Venezuela (“PSUV”) won a decisive electoral victory in the face of an extremely difficult economic and political situation. However, despite temporarily stabilising the political situation in Venezuela, this victory has done nothing on its own to alleviate the growing tensions in Venezuela. Meanwhile, the pressures of inflation and the shortage of goods which have been weighing heavily on the masses for several years require an urgent solution.

The fascist bourgeois opposition, with the support of North American and European imperialism, threatens to crush the Venezuelan revolution and to wreck its achievements. The fascist attacks, in working-class neighbourhoods and against Chavista, are a taste of what is to come if the opposition takes power. This ultra-reactionary opposition must be defeated now, and only the workers’ revolutionary initiative can achieve this.

Even before the National Election Council had announced the results of Sunday’s Constituent Assembly elections in Venezuela, the opposition and western imperialism had already declared there had been massive fraud and that they would not recognise the legitimacy of the Assembly. Since then, they have piled up pressure on all fronts. What is to be done?

The Venezuelan opposition, backed by Washington and Madrid, has launched an all out offensive to prevent Sunday's Constituent Assembly elections form going ahead. We stand firmly against this reactionary attempt which can only be defeated by revolutionary means.

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