But But But...
Venezuela!!
What happened in Venezuela had nothing to do with "socialism". They built their entire economy around oil. When the price of oil dropped, their economy crashed. The USA helped that along by placing sanctions on them, essentially attempting a soft coup.
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LINKS:
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Overview Of US Sanctions Against Venezuela
Congressional Research Service - October 16, 2019
https://fas.org/sgp/crs/row/IF10715.pdf
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Exclusive: Spain's Repsol Suspended Swap Deal For Venezuelan Oil Under U.S. Pressure
Reuters - April 17, 2019
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It's Corruption, Not Socialism, That Brought Down Venezuela
Pacific Standard - March 14, 2019
https://psmag.com/ideas/corruption-not-socialism-brought-down-venezuela
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Venezuela'a Downfall Isn't About Socialism, It's About Oil
Ozy - February 27, 2019
https://www.ozy.com/flashback/venezuelas-downfall-isnt-about-socialism-its-about-oil/92669
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US Sanctions Squeezed Venezuela's Chavismo Elites. This Time, It's Oil.
PRI - January 31, 2019
https://www.pri.org/stories/2019-01-31/us-sanctions-squeezed-venezuelas-chavismo-elites-time-its-oil
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Why Does Oil Matter So Much To Venezuela?
PRI - January 30, 2019
https://www.pri.org/stories/2019-01-30/why-does-oil-matter-so-much-venezuela
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Venezuela: The Rise And Fall Of A Petrostate
Counsil On Foreign Relations - January 24, 2019
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US-Led Economic War, Not Socialism, Is Tearing Venezuela Apart
Mint Press News - July 12, 2016
https://www.mintpressnews.com/us-led-economic-war-not-socialism-tearing-venezuela-apart/218335/
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Oil Pushes Out Venezuela’s Agriculture
Marketplace - April 18, 2016
https://www.marketplace.org/2016/04/18/world/resource-curse/venezuela-ranchers/
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