Revolutionary Socialist Party (Peru) Revolutionary Socialist Party (Peru) Revolutionary Socialist Party (in Spanish: "Partido Socialista Revolucionario"), is a political party in Peru formed in November 1976 by a group of radical army officers who had been active in the "first phase of the revolution" under Velasco Alvarado and who subsequently advocated a return to the objectives of the 1968 coup. Its founders included several people from the Velasco Alvarado government, such as general Leónidas Rodríguez Figueroa, general Jorge Fernández Maldonado, Enrique Bernales Ballesteros and Alfredo Filomeno. The PSR was founded for the purpose of participating in the 1978 elections for the Constituent Assembly and
Juan Velasco Alvarado another uprising or a takeover from the APRA party, seized absolute power and close down Congress, almost all of whose members were briefly incarcerated. General Velasco seized power on October 3, 1968, in a bloodless military coup, deposing the democratically elected administration of Fernando Belaúnde, under which he served as Commander of the Armed Forces. President Belaúnde was sent into exile. Initial reaction against the coup evaporated after five days when on October 8, 1968, the oil fields in dispute were taken over by the Army. The coup leaders named their administration the Revolutionary Government of the Armed Forces, with