Venezuela failed because it was a one-product country that relied on oil. That makes their success vulnerable to market swings, some which can be manipulated. However, it is not the proper example of socialism. There is none. There are no socialist countries. The rightys just label countries who do not allow the wealthy to rule as socialist. All the European countries are capitalistic. They just spend tax money providing healthcare and a safety net for the people. The American wealthy have no intention of doing that. That money belongs to them. The Repubs are making sure they get it and the Repubs vote for it.