I mean, it seems like the collapse was a result of overspending by the Chavez and Maduro gov'ments and their super dependence on their crude oil supply. Maybe, MAYBE, socialism isn't the issue and instead it's bad policy in general. But yeah, socialism is an incomplete concept much like our modern capitalism. Cryptos and blockchain could probably help with that though.
WOOHOO STEEM
I see what u are getting at but atleast with capitalism u know what u are getting