I have been avoiding Venezuela and its economic collapse partially because there’s so much libertarian bullship coming out (mostly through Zero Hedge) along the lines “this is what you get if you choose socialism”
I would say this happened with the collapse in the price of oil was intended to give Venezuela trouble. US economic and political warfare agaisnt Venezuela combined with collapsing world economy that is hitting oil-producing nations pretty hard
Total Societal Collapse: What the Media Isn’t Telling You About Venezuela
23 August, 2016
(ANTIMEDIA) Venezuela — Life in Venezuela now consists of empty grocery stores, record rates of violent crime, and widespread shortages of just about everything. The economic and political conditions have been deteriorating for years, but recent stories coming from this once-rich nation are astonishing. Bars have run outof beer, McDonald’s can’t get buns for their Big Macs, and rolling blackouts are a regular occurrence. The average person spends over 35 hours a month waiting in line to buy their rationed goods, and even basics like toilet paper and toothpaste are strictly regulated.