Shitty how things have gone. Perfectly shows problems in how they managed things (basically converting to oil as your de facto good, when you can't control the price of it), and the problems of running sham governments.
Yeah, but that point is essentially when Venezuela is a smoking crater rather than an actual country. Until it reaches that point it can get a lot worse and it's going to get a lot worse soon. Maduro now has his back to the wall and you can never underestimate what a desperate dictator might do to a country to hang onto power. He's going to fear his own military turning on him and might do something desperate. What happens if he hires China to run Venezuela's oil industry and invites them to bring in some military assets to "protect our oil infrastructure from capitalist saboteurs...." when he wants China's military to protect him from Venezuela's military? As big a shit show as that place is now will seem like Disneyland compared to what it could be. Some foreign army is going to be in there in 6 months either to "stabilize the situation" (code for "steal the oil") or "protect the legally elected government" (code for "steal the oil") or "protect the natural resources that belong to the Venezuelan people" (code for "steal the oil"), Whatever code they use, that place is likely to become a war zone when some foreign power goes in for ostensibly humanitarian reasons (code for "steal the oil") and somebody else goes in to stop them from stealing the oil so they steal it for themselves instead.
What happens is that China probably starts paying and/or importing goods for the Venezuelan people in return for that, which will greatly ease their current problems. Pretty much the only country that would go running in willy nilly like that is the US under its current administration.
I'm truly baffled why you think Venezuela turns into a war zone via some outside country. I think the US is the only one that has even suggested doing something like that (and it was just some offhand buffoon idiocy from Turmp). And China has been pretty keen on not totally fucking over the countries they get involved with, as they see that both can benefit from it and it makes China look a hell of a lot better internationally.
Socialized healthcare isn't quite the same as an entire economy.
Captina Obvious, there you are! Can you please explain this to conservatives, or rather call them out when they choose to be willfully stupid in order to push their idiotic agenda?
When Chavez took over and instituted his "socialism" he was the darling of the white liberal left and as long as the oil money flowed due to the historic high prices he could do no wrong,
as soon as the oil prices dropped and the "socialist" policies he enacted began to crumble all around him our white liberal leftists threw him under the bus claiming he wasn't a true socialist like those lily white European countries they like to hold as an example of true socialism.
https://www.salon.com/2013/03/06/hugo_chavezs_economic_miracle/
Hugo Chavez’s economic miracle
The Venezuelan leader was often marginalized as a radical. But his brand of socialism achieved real economic gains
So...you didn't actually read the article? It openly points out flaws in how Chavez went about it and that Chavez himself was not a terribly great guy. Also, have to love how you cite this article from 5 fucking years ago, which surprisingly didn't have the things that have happened since that kinda alter how things have gone (like how the US opened up its fossil fuel production, in part to deliberately screw with other countries economically, Russia, Iran, and Venezuela being 3 key ones). Point is, that's hardly lionizing him, and it even actually specifically says that its a question that needs to be talked about with regards to governance. You can get screwed both directions (privatize or nationalized). The article ends pointing out exactly the stupidity in your post. That just mentioning Chavez is meant to nullify any and all discussion of socialism. That he's trotted out as a boogeyman by conservatives to end all discussion. Nevermind the lesson should be "don't let a fucking dictator run your country, regardless of what -ism you allege to follow", as that always leads to the worst fucking situation.