From the (lamentably-furloughed) Diplomad:
The excuses for [Venezuela’s] collapse are numerous, and you can find them in the standard swampy media. My favorite is, of course, that Venezuela was done in by the “collapse” of oil prices: a stupid, lazy lie. According to OPEC data, the average price of a barrel of oil in 1999, the year Chavez took power, was $17.44; the price of oil today is over $68. Only in prog world can that be a collapse. Furthermore, at no time since 1999, has oil gone below the price it was in 1999. During the entire Chavez-Maduro disaster, oil stayed well above the 1999 price.
Of course, the fact that stupid people like Oliver Stone and Sean Penn as well as the evil, self-styled “democratic socialists” like Corbyn and The Bern love this style of government should be proof enough that the whole idea sucks, but there you have it.