This is the 1994 edition of Fourth International, at that time the annual theoretical theoretical journal produced by the International Committee of the Fourth International (ICFI).

The volume documents the intense political analysis undertaken by the ICFI of the crisis of the old nationally-based organizations, including the trade unions, the social-democratic parties, and the Stalinist regimes in the Soviet Union, China and Eastern Europe, which has restored capitalism. These developments are addressed in the lecture delivered by David North, “Capital, Labor and the Nation-State”, which is contained in this volume.

The analysis made by the ICFI of the crisis of all the old nationally-based organizations and parties was rooted in the political struggle waged by the Leon Trotsky and continued by the International Committee against Stalinism and Pabloite revisionism. This record is contained in the Editorial of this volume, which marks the 70th anniversary of the founding of the Trotskyist Left Opposition in 1923.