[lehighguy]

To add on that, socialism is a capital destroyer. Under socialism you see a lot of current consumption at the expense of capital building and investment.

Blowing all your credit cards on a huge party seems great in the short term, eventually the bills come due.

And, as I noted, the whole system of Chavez's is basically being held up by high oil prices. All of his social programs would collapse without the constant infusion of money from oil sales.