You'd have to be a complete fucking naive tool to believe that government pillaging privately owned assets of firms will lead to some "workers paradise" or that it would bring about the efficiencies and success found in free markets. Maybe you need to put down that red bible of yours and take off the blinders because compared to leading South American economies such as Colombia and Brazil it is Venezuela that is far behind the curve.
http://www.bbc.co.uk/news/business-19813533
- 20% inflation rate
- Wealth redistribution that has wealth creation stagnating amongst Venezuela's populace (i.e. everyone is slowly becoming equally poor)
- A steady shrinking of private enterprise in Venezuela's economy as government takes over and involves itself in more industries.
- An in ability to diversify their economy beyond oil sales.
- A further inability to draw private foreign investments from overseas investors due to fears of nationalization of industries.
- Massive amounts of government waste and inefficiencies in industries they have taken over.
- A growing large growing government debt as result of inflation and overspending within government.