With 53% of the votes the Venezuelan opposition has managed to secure 112 seats in the National Assembly. This gives them a sweeping two third majority and wide ranging powers. Drunk with victory and seething with revenge, they have started to announce plans to reverse every single one of the gains of the Bolivarian revolution. This has provoked ferment amongst the revolutionary rank and file, which at the same time is directing part of their anger at bureaucrats and reformists within its own ranks.

Late into the night on 6th December, the Venezuelan National Electoral Council announced provisional but conclusive results for the parliamentary election. The counter-revolutionary opposition MUD had won 99 seats to the Bolivarian PSUV’s 46, with another 22 remaining to be allocated. This is a serious setback and it is our duty to analyse the reasons and explain the likely consequences.

The #BlackLivesMatter movement clearly shows that, despite the civil rights struggles of the past, inequality and racism are still thriving in America. Many young people in particular are looking for answers and a way to solve the problems facing society. As Marxists we stand on the front lines in the struggle against discrimination in all its forms. We believe that to be successful, this must be combined with the united working class’s struggle against capitalism and for socialism. We take this opportunity to look back at and learn from the successes and failures of one of the most inspiring experiences of our movement.

Venezuelans will go to the polls on December 6 to elect deputies to the National Assembly. A combination of factors have made this one of the most difficult challenges the Bolivarian Revolution has faced in the 17 years since President Chávez was first elected in 1998. To the usual challenges of a profoundly undemocratic opposition and belligerent imperialist provocations we have to add a combination of national and international economic factors which work to put Venezuela in a very tight spot and lead to one conclusion: either the revolution is completed, or it will be defeated.

As we have stated previously, the downing of a Russian jet in Syria by the Turkish military was clearly a provocation on the part of the Turkish president Recep Tayyip Erdogan. His aim was to stop an alliance being formed between Russia and the West in Syria. He has achieved the opposite with Turkey now more isolated and the major world powers coming closer to each other while Turkey and Saudi Arabia have been elbowed to one side.

As the third wave of global crisis of capitalism is approaching – the first and second waves being respectively the sub-prime housing and European sovereign debt crises – the so-called emerging and developing economies are entering deeper into economic, political and economic crisis. Nigeria connects to this global crisis through the mechanism of the global crude oil glut and collapsing commodity prices.

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