Venezuela is experiencing an apocalypse. In just two years their poverty rate has gone from a very high 25% to an astronomical 75%. The food stores are empty, as are the drug stores. There’s no food and no medicine to be bought, and people are eating their pets now.
The value of their money has decreased to only a fifth of what it was in just this past year, and is expected to decrease to a fifteenth by next year. Their money is worthless to other nations for trade, so they can’t import food and medicine. They’ve been going through a severe drought, so they haven’t been able to grow enough food to feed themselves, either. They’re starving and it’s going to get drastically worse, extremely fast.
Venezuela sits on top of one of the largest oil reserves in the world, yet they still use water power for electricity, and because of the drought there’s a shortage of power and blackouts. Because oil prices are low, money to run the country and pay government wages is scarce. Meanwhile, unemployment is rapidly increasing.
This is what Socialism brings to the people who embrace it, and it does it every single time. There’s not one single case anywhere, ever, that socialism was successful in making peoples lives better and their nation stronger. It’s always had the opposite result. Look at England, where Socialism has resulted in high prices for virtually everything, and high taxes to support their welfare state. Socialism creates welfare states, which then collapse under steadily increasing tax burdens if inflation and unwanted immigration don’t do it first. Socialist states usually become dictatorships, as Venezuela has done, and now it’s Venezuela’s turn to collapse under Socialism.
After the panicked migrations to neighboring nations, after the civil war ends, the riots die out, there’s no discernible form of government left and the famine and disease have left Venezuela nearly uninhabited, watch Russia and China compete to take over the country. I give it about a year.