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RolStoppable said:
I suppose this is the consequence of socialism.

This.

It makes no sense to say that this is the result of oil.  West Texas Crude is back above $65.00/barrel right now, but I suspect the situation for the Venezuelans will continue to deteriorate at an accelerated rate.  That's because socialism empowers and protects the top 0.000001% and uses mind control and propaganda to turn the rest of the population into zombies who have no idea how corrupt their political leaders are or what kind of potential they have as a nation if only they had their basic freedoms.  I am sure if you look at the homes of Venezuela's elite class, they live like royalty, it's the rest of the population who starve in poverty and are tricked into believing that government wealth "redistribution" is their only hope when in fact the taxes are really just government wealth expropriation.

It's really not that different than these Democrat strongholds in places like California whose political leaders live in homes that look like palace's while their electorate live in some of the most impoverished conditions in the country and only see their situation grow worse each year.