I don't think this is accurate. Look at European socialism and you might find some successful examples. Take Finland, it has highest standard of living in the world. Finland has one of the world’s best education systems, with no tuition fees and also giving free meals to their students. The literacy rate in Finland is 100 percent. Several other examples exist; China has lifted more people out of poverty some 200 million. That is more then anytime in history using a socialist government.

Venezuela has had terrible corruption and awful management of their resources. I think you need to look further back to Chavez and his revolution. During Bush junior's presidency Chavez nationalized oil and took the factories from the "evil" foreigners. That immediately caused a slowdown in oil production at the same time he began looting the nation's wealth. Chavez's daughter is now a billionaire, one of the richest in their country. They had a chance to use that wealth to modernize and create an economy not based on oil wealth. Chavez was arrested in the 80's after he failed in a previously attempted coop. That was the man whom helped Maduro come to power.

Maduro is a dictator and runs the government in an authoritarian manner. He annulled their countries congress! This is far from a normal functioning socialism.