But don't take my word for it:
This nation has the largest oil reserves in the world, yet the government saved little money for hard times when oil prices were high. Now that prices have collapsed — they are around a third what they were in 2014 — the consequences are casting a destructive shadow across the country. Lines for food, long a feature of life in Venezuela, now erupt into looting. The bolívar, the country’s currency, is nearly worthless.
The crisis is aggravated by a political feud between Venezuela’s leftists, who control the presidency, and their rivals in congress. The president’s opponents declared a humanitarian crisis in January, and this month passed a law that would allow Venezuela to accept international aid to prop up the health care system.
“This is criminal that we can sit in a country with this much oil, and people are dying for lack of antibiotics,” says Oneida Guaipe, a lawmaker and former hospital union leader.
But Maduro, who succeeded Hugo Chávez, went on television and rejected the effort, describing the move as a bid to undermine him and privatize the hospital system.
“I doubt that anywhere in the world, except in Cuba, there exists a better health system than this one,” Maduro said. ...
Dr. Amalia Rodríguez stood in the hallway.
“I had a patient just now who needed artificial respiration, and I had none available,” Rodríguez said. “A baby. What can we do?”
The day of the power blackout, Rodríguez said, the hospital staff tried turning on the generator, but it did not work.
Doctors tried everything they could to keep the babies breathing, pumping air by hand until the employees were so exhausted they could barely see straight, she said. How many babies died because of the blackout was impossible to say, given all of the other deficiencies at the hospital.
“What can we do here?” Rodríguez said. “Every day I pass an incubator that doesn’t heat up, that is cold, that is broken.”
It is no surprise that serfs who are forced to fund bloviating dictators who rant on about class equality and the evils of capitalism end up dying in poverty and filth.
If someone could show me a socialist state that works, I should like to see it.