In Norway, the means of production of petroleum is state-owned (majority at least), well managed, and will provide for the social safety of Norwegians for many, many, many years.

So there _are_ countries with genuine socialist policies that--while contentious and somewhat controversial--are nothing like the Venezuelan catastrophe.

> Socialism is collective ownership of the means of production. Which always has significant societal drawbacks.

Citation about developed countries where it is true desperately needed.