Venezuela is a perfect example for the Resource curse
https://en.wikipedia.org/wiki/Resource_curse
and they probably cannot afford to save in better times, precisely because of the sabotage. Read "The dictator's handbook" if you wnat to know why.
In short: if you don't distribute all the riches, someone else who promises to do that will rise up and kick you out (if you are lucky).
That is why revolutionaries fighting against corruption end up being at least as corrupt when in power. After a revolution you need every piece of power you can get. That means you need to get the power from those who hold it. The corrupt ones.
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Ceuscescu was pretty good at letting his people starve through excessive austerity.
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That is basics for a dictator: Starved people have no power to stage a coup.
Not really. There have been plenty of dictatorships where most people have been well fed. The fiscal policies of dictatorships have been all over the place from lax where goodies have been distributed liberally to keep various groups happy to austere like that of Ceauscescu's Romania. He gave priority to Romania being debt free.
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Right - but I never said there is a one fits all solution to dictatorship ;)
It depends on the power distribution.
Friend @lennstar0de . I can tell you with a lot of property here in Venezuela there is no dictatorship, the reality is a well organized group of criminals who are occupying positions in the government, killing everyone who opposes him and killing a large group of people. Venzolanos, applies techniques of communism Cuba trained them very well, but to them the capitalism escapes them, more than 50% of those government delinquents speak ill of the United States, but most of them love to visit North America, nothing easy to understand.