(08-04-2018, 10:00 PM)mikesez Wrote:

(08-04-2018, 05:49 PM)MalabarJag Wrote: Venezuela is a special case? So every other country that went deeply socialist was more successful? Cuba? Russia? Yugoslavia?

AO-C and Sanders are for more than merely a Canadian style welfare state; they support massive wealth redistribution ala Venezuela. If you believe differently then you've bought into the Leftist spin hook, line, and sinker.

Norway has been successful, and nationalized its oil production around the same time that Venezuela did.
And Norway has offered more welfare for a longer period of time than Venezuela.  
When the government takes over the oil company, maybe they just sit back and collect reasonable dividends as Norway's did, and continue investing in new production, or, maybe the government decides to take more than a reasonable dividend, leaving no money for drilling new wells, and fires anyone who disagrees, leaving no one who knows how pumping oil actually works and no money to figure it out. That's what Venezuela's did.
Both went fully socialist, meaning government ownership of the means of production, but only one had catastrophe.
Socialism creates opportunity for catastrophe, but does not guarantee it.  It also helps if your nationalization process doesn't cause your biggest trading partner to embargo you, as Cuba's did.