Re: The Venezuela experiment
Socialism is good in destroying feudalism.
It worked really well in Soviet Union and China. It has worked really well in India as well, especially in the 1950's-1960's, when all the large zamindars, kings and nawabs had their land confiscated and distributed to the poor peasants.
Even to this day, the 30 acre land limit is still in place.
But these days, it is not good for the modern economy.