İlkay Meriç

The recent developments in Venezuela and especially Chavez’s talk of socialism which he named as “Socialism of the 21st Century” created a new wave of excitement in the vast majority of the world socialist movement. It is undoubtedly exciting and pleasing for anyone who calls himself/herself Marxist to see that working masses demonstrate openly their discontent against the system by eliminating traditional bourgeois parties, repulse - by fighting in the streets - attempts of coup d´état supported by the Venezuelan oligarchy and the US imperialism and finally create a revolutionary situation. But, the meaning of these developments changes when it is realized that the real source of this wave of excitement is not the revolutionary situation created by the initiative of the masses but the demagogical talk and populist policies of Chavez.