Today marks the anniversary of the defeat of the coup that attempted to remove President Hugo Chavez from power in 2002. Within less than 48 hours, reaction was defeated by a magnificent movemenet of the Venezuelan masses. Here we reproduce the analysis of those events written by Ted Grant and Alan Woods published on April 14, 2002.

The lock-out staged by the Venezuelan capitalists on 10th December 2001 against the laws introduced by President Hugo Chavez has raised the level of class conflict within this Latin American country to heights not seen in the three years since the latter won elections with 56% of the popular vote, in the teeth of opposition from the imperialists and key sectors of the Venezuelan ruling class.