"You need to get out of here now or these people will kill you." This was the earnest and forceful advice given my friends and I about three minutes after we arrived at Montreal's Venezuelan consulate on August 15, referendum day in Venezuela. There were only three of us – my roommate Albert with his camera, Macdonald, a pro-Chavez activist, and I – waiting to be joined by a group of others who shared our views on events in Venezuela. Our intention was to demonstrate support for pro-Chavez voters, signs in hand.

After the manoeuvre of the so-called referendum on the privatisation of gas, in August transport workers and community organisations organised protests against the rise in the price of gas. They were joined by the Landless Peasant Movement (MST). But the most striking development is what has become known as the "University Revolution" at Oruro.

Immediately after the fall of the Soviet Union, there was a spirit of optimism in the United States. We had "won" so to speak, and in the words of our then president George Bush, we could look forward to a New World Order of peace, freedom, full employment, and the crushing domination of the US in world affairs and trade. This fresh outlook, coupled with one of the most powerful economic booms in history, led many to believe ever more strongly in the system. Yet there are chinks in the armor. To look at the stock market, the economy is still healthy. But corporate profits are at their lowest level in nearly a decade (in spite of the billions of dollars handed to them in corporate

The repercussions of the terrorist attacks in the US will be much wider than anyone could have imagined. Now that the shattering impact of these events is beginning to seep into people's minds, the far-ranging implications for the world economy, the class struggle, national and international politics and world relations are becoming more and more clear. We explained on numerous occasions that we have entered the most unstable period in history since World War II - a period of wars, revolutions, and counter-revolutions. We predicted that economically, politically and socially, the world would be turned upside down. But nothing could have prepared us for the suddenness and trauma of these

Venezuela's National Electoral Council released the result of yesterday's recall referendum on the government of President Hugo Chávez Frias. It was revealed that the opposition failed to obtain more votes than those who wanted Chavez to stay on as President. Even so, the opposition has refused to recognize the result and has charged that the "no" victory was based on electoral fraud. But does the result mean the opposition has suffered a decisive defeat? The internal and external enemies of the Venezuelan revolution cannot be reconciled by elections, referendums and negotiations. They will only be satisfied when the revolution is defeated.

Genuine Marxists oppose the attempts of the Venezuelan oligarchy, backed by imperialism, to overthrow President Chavez. Why do we take this position? Because a defeat for Chavez in the referendum would be a heavy blow against the workers and peasants of all Latin America. It would be a victory for imperialism and the forces of reaction everywhere. The barricades have been drawn in this class war and it is necessary to take sides clearly and unambiguously.

The fraudulent nature of the recent gas referendum in Bolivia has become even clearer to the Bolivian masses. Within just a few days Mesa was selling off even more of Bolivia's natural gas resources to the multinationals. The response of the masses has been to mobilise once more.

The attitude to revolution is the acid test for revolutionaries. Yet surprisingly many of those who call themselves Marxists have proved organically incapable of understanding the Venezuelan revolution or intervening in it. Two years ago, when the attempted coup against the Chavez government was defeated by the revolutionary movement of the masses, the response of most of the Left internationally was a deafening silence. Now the ultra-left have suddenly been getting hot under the collar - not about the Venezuelan revolution, but about the apparent opportunism of the Marxist tendency, gathered around this web site. Alan Woods points out a few elementary points that to any serious Marxist

The recent referendum was called by the Mesa government as a legal cover for what it has laready gone ahead with - the privatisation of Bolivian gas. The questions were not simply posed as yes or no to privatisation. The masses sensed this and in many parts of the country took part in a boycott. This is the priced the movement is having to pay for the compromise reached back in October.

As this document was drafted in April of 2004, many of the specific facts and figures have changed. However, the fundamental processes and trends remain accurate to this day, and many of the predictions are already coming to pass. The economic recovery has still not conclusively taken off or slipped back into recession, but the factors that allowed some breathing room for the economy are rapidly disappearing. The effects of Alan Greenspan’s recent interest rate rise - in an effort to counter inflation - cannot yet be predicted. With energy prices cutting into consumer spending, the industrial sector is once again shedding jobs, and the economy is producing less than the bare 150,000

All attention is now centred on the forthcoming August 15th recall referendum. The "opposition" has all kinds of tricks it can play, but one thing is sure: the masses are gearing up to defend the revolution. Unfortunately there are elements within the leadership of the movement who are trying to hold back the masses. Jorge Martin and William Sanabria, in Caracas, report on what is happening and look at the possible developments.

As predicted, Canada now has a minority Liberal government. The results were: Liberals 135, Conservative 99, Bloc Québécois 54, and NDP 19. This puts the Liberals 20 seats short of a majority government. With the NDP unable to prop up the Liberals it is likely Canadians will head back to the polls within a year. Workers and youth who look to the NDP need answers so that the poor showing will not be repeated in the next election.

Seven months ago, Ontario voters were promised the moon by the Liberal Party of Ontario. Dalton McGuinty and the Liberals vowed to end the attacks that marked nine years of Tory rule. Indeed, the entire Liberal campaign focused on the slogan of "Choose Change." Sadly, the Liberals' new budget shows that there has been no change in Ontario, and that McGunity and his cronies are intent on continuing the assault on Ontario's working class.

The 2004 Canadian federal election is looking to be the closest race since the 1970s. The Liberals hold a narrow lead over the Conservative Party, with the New Democrats looking to make gains and the Bloc Quebecois optimistic that it will retain much of the Quebec vote. For the first time in over a decade, the Liberals are in a position where they could fail to win a majority government.