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The International Bolshevik Tendency has published a new edition of Trotsky's Transitional Program. It is based on the January 1939 version published by the American Socialist Workers Party as edited by Max Shachtman in accordance with the decision of the founding conference of the Fourth International. Discrepancies between the final English version approved by the conference and Trotsky's original Russian-language draft (which had appeared in the May/June 1938 Biulleten Oppozitsii) are noted as well as variants in subsequent SWP editions.

The book includes a new introduction, marking the 60th anniversary of the program, and a previously unpublished essay documenting the use of transitional demands by the Communist International in Lenin's time. This edition also includes a selection of valuable articles, originally published in the 1970s by the then-revolutionary Spartacist League, on the history of communist trade union work in America from the Communist Party of the 1920s to the SWP of the 1930s and 40s. There are also a number of articles documenting the SL's exemplary attempts to build class-struggle caucuses on the basis of a full transitional program in key American unions in the 1970s.

In greeting the founding of the Fourth International Trotsky proclaimed the Transitional Program as his movement's "most important conquest." Today, six decades after the Transitional Program was written, the Bolshevik tradition which the Left Opposition carried forward remains as relevant as ever.