The Socialist Equality Party (SEP) was originally named the Workers League (WL). The WL was founded in 1966 as a Trotskyist communist group closely associated with the electoral campaigns of the Socialist Workers Party (SWP). The goal of these Trotskyist groups was a build a working-class labor party in the US affiliated with the International Committee of the Fourth International (the global Trotskyist umbrella network). They believe that "the egalitarian and internationalist legacy of the Russian Revolution" could have succeeded, but was "betrayed by Stalinism" and its progeny. When the SWP drifted away from Trotskyism in the early 1980s, the WL broke with the SWP and began fielding its own candidates. The WL fielded its first Presidential ticket in 1984. The WL later renamed itself as the Socialist Equality Party in 1994.