Venezuela has a centrally planned socialist economy and has failed miserably as predicted. It wasn't just rhetoric bolstering a position. He did what he said he would do and the results are disastrous. Socialist economic policies do not work, period.
Now, consider the difference between Venezuela and China. The difference is that China has established a capitalist economy, with oversight of course, but the difference is drastic. You can endear yourself to socialist political goals all day long, but as soon as someone goes all in with a socialist economy the result is a cubic shitload of poor people.
Now, consider the difference between Venezuela and China. The difference is that China has established a capitalist economy, with oversight of course, but the difference is drastic. You can endear yourself to socialist political goals all day long, but as soon as someone goes all in with a socialist economy the result is a cubic shitload of poor people.
