No, its being reliant on one particular, economically volatile resource, and having incompetent strongman-style socialism.
Other countries that have "socialism" of a sort (at least to American eyes) are more competent with their economies; Sweden, Norway, even Germany or France.
And Stefan Molyneux is a cultish hack who became an alt-right Trumpist as soon as he felt his audience was slipping away from his wacky anarcho-capitalist views.
Any serious discussion of socialism should not include places only dumb Americans consider socialist. Sweden and Norway have indisputable free market economies. France and Germany WTF? They have some of the most free market economies in the world.
Of course citing Stefan Molyneux (LOL) and comparing Venezuela to Bernie Sanders is far dumber.
indeed
At least we finally all agree Chavez was bad news, it took some of you awhile to come around, but we're all a bit stubborn sometimes.