Now to Venezuela. You fail to comprehend that an ALREADY capitalistic world isn't going to invest in an ALREADY poor country with low property rights and security - not going to happen - meaning that they are essentially cut off from the world, hence their problems; but it doesn't prove that Venezuela is a failure, just that the "market" doesn't like it. Let's face it: if you believe something to be yours, you're not going to hand it over to someone intent on destroying it.
They have tons of oil, if they had exported that, and divided the profits amongst all citizens, they could have lived in this sort of "utopic" socialism.
But it didnt happen. Why?
Because government enterprises are always inneficient. Only private businesses can operate in efficiency
You are bubbling something without a second thought if what you say is actually true or universally applicable