"Socialist polices like price controls, intended to make basic goods more affordable to the poor by capping the price of flour, cooking oil and toiletries, meant that the few businesses producing these items no longer found it profitable to make them."https://www.bbc.com/news/world-latin-america-36319877 …
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"Arguably the biggest problem facing Venezuelans in their day-to-day lives is hyperinflation. The annual inflation rate reached 1,300,000% in the 12 months to November 2018. By the end of 2018, prices were doubling every 19 days on average."https://www.bbc.com/news/world-latin-america-36319877 …
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"The socialist government implemented a 'magic formula' to recover the economy, including raising the minimum wage 34 times. However, the currency continued to fall, and a further minimum wage increase had to be introduced, leading to questions over how effective the move was."
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Three Guesses first two don't count.
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Socialism
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theres literally one country on earth able to process venezuelas by far #1 natural resource and they are currently supporting an armed insurgency give you two guesses as to which country
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