I suspect anyone from the Netherlands or Norway/Iceland might disagree with you there. The issue with Venezuela is almost certainly not socialism, but chronyism and good ol' fashioned corruption.

Chavez's "Bolivar Revolution" was a farce to get rid of his opponents and seize power as a strongman. In that, he succeeded. When the price of oil was high, it worked. Now, well... His legacy is a once great nation left in ruin, and many desperate people. It is sad stuff.