During the last 20 years oil has been peak high

https://oilprice.com/Energy/Energy-General/Why-The-US-Wont-Sanction-Venezuelas-Oil.html

So the income should've been high enough that even us interference wouldn't matter

its not about oil prices

Wait, that's my next point chill out

It is

It's $85 now c'mon Venezuela

Because with the mid 2000s prices it would've been enough to survive any criais

START TRYING

The thing is they can't even try, oil infrastructure is (at least) 20 y.o. With barely any maintenance

Because the oil company was statized around 2002

And they kicked practically all qualified workera

Workers*

exactly

And about stockpiling. The only ones caught stockpiling were government owned

The cherry on top of the cake is that gasoline is basically free.

And they are implementing a system where party members will still get it for free, and everyone else has to pay international price

alright?

There's no possible way to survive that way

Now extrapolate that to a whole country

ok, and why would I do that?

Cause the same people are running the fkin country

you cant just extrapolate things like that to a whole country

there are thousands of factors at play here

millions, even

OK, then why did it fail?

It wasn't US intervention, stockpiling or the drop of oil prices

it was a million things dude, I dont really know what to tell you

I can tell you

suggesting it was just socialism is intellectually lazy

Of course it wasn't only socialism

But socialism led to all the circumstances that made it fail

how?

Cmon man

Statized corruption, destroying the private economy and people's earning capabilities

explain to me exact socialist policy

the economy is still like 90% private

Dude

There's no economy

There's only 1 company "keeping" things up

https://youtu.be/BZ2lP6sCXhg