They depend so much on commodities and they think they are the brightest man who can decides of the future of Venezuela now what they gotten. I call it misusing of socialism, you can't create a system like socialism if the government compose of corrupt and stupid politician. If they diversified their economic activity other than just boring oil and gold, they could revive their economy back. They should have listened to their own people itself on how to run a country that would be better.
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What happens is that in Venezuela an internal political battle is fought, during the Chávez government there was a conflict between the economic groups and the government, so the government was in charge of importing international products with the oil money, and created a set of laws, that did not allow the domestic industry to compete with these imports, so the power and influence of the businessmen disappeared, but once they ran out of oil money, then the government of Maduro, no longer it could maintain the level of imports, and with so few goods and services available, and the printing of money to continue at a very high level, the disparity generates very high inflation.