Reformism or Revolution: 12. The Venezuelan Revolution In his concluding chapter Alan Woods points out that the Venezuelan revolution has been a source of inspiration for the workers, peasants and youth of all Latin America and on a world scale. But the revolution is not completed and it cannot be completed until it expropriates the oligarchy and nationalizes the land, the banks and the key industries that remain in private hands. Unless this task is carried out the future of the revolution remains in danger.