The following statements were
unanimously passed at the World Congress of the International Marxist Tendency. A detailed report about the congress will follow in the coming weeks.

In a television programme broadcasted to
the whole of the country on July 31st, President Chávez announced the nationalisation
of Banco de Venezuela, the Venezuelan bank owned by the Spanish banking
multinational Grupo Santander.

After years of Bush’s open-ended war on working people at home and
abroad, many on the “left” are desperate for an alternative. For many,
that alternative is Barack Obama, a Democratic Senator from Illinois. However,
far from being a “progressive” alternative, Obama is at his core a
typical representative of the bosses’ political parties.