They did not answer my questions at all unless you believe that every country on earth that has ever experimented with socialism of any sort nationalized the oil companies, had an oil boom, and then collapsed when the oil boom ended.
I will repeat for the second time, I was addressing socialism generally, not Venezuela specifically. If you read his post more carefully you will see that as well. You weren't responding to the question asked.
His point seemed to be that Socialism may give a short term bump when money is taken from the top, but ultimately it damages long term growth, and that Venezuela is an example of this. Capitalism is inherently mutually exclusive to what was done there. The economic systems that support what was done there are Socialism and Communism.
The fundamental principle under Socialism is that profits are inefficient and thus taking that waste and giving it back to the people helps society. It was founded on the idea that individualism was insufficient in addressing problems like poverty. That is what Hugo C. used to justify what he did. It seems like your questions were all answered.