|SocialismToday Socialist Party magazine|
Hugo Chávez’s defeat in December’s referendum marks a key point in Venezuela’s revolution. The high abstention rate indicates a growing frustration at the slow pace of change. Meanwhile, the right-wing opposition has been emboldened by its victory. TONY SAUNOIS looks at the warning signs and assesses the current situation.
Global capitalism faces its worst crisis since 1945. The collapse of the US housing bubble has triggered an economic slowdown and the subprime finance crisis. These forces threaten a global financial crisis and a serious downturn in the world economy. LYNN WALSH analyses these developments and their implications.
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Kenya's rigged election
Andrew Glynn 1943-2007
Cover cartoon: Suzanne Muna www.squashdonkey.co.uk