LATE-STAGE SOCIALISM: Venezuela’s Oil Industry Staggers Closer To Collapse.

Venezuela used to have a diversified economy and some of the world’s largest proven oil reserves. Now they have an oil-dependent economy yet can’t even get the oil extracted.

Unexpectedly, of course, and certainly the fault of wreckers, hoarders, saboteurs, Trotskyites, kulaks, Yankee Imperialists, counterrevolutionaries, and Jews.