One only needs one argument to completely defeat socialism as a viable alternative which is the moral argument that it is theft by coercion. One cannot build a sound community based upon theft from which its participants are violated against their will, destroying personal sovereignty. Without the freedom to opt in, comes slavery.

One cannot be a socialist by choice either because if one opts into the arrangement, then it's no longer socialism, but voluntarism.

I would say that the US greatly hastened Venezuela's demise, but when a nation is built on theft through the means of coercion, the violence that it must commit to force people into uncomfortable arrangements (for the "greater good" whatever that is) will eventually tear itself apart anyway.