A few things that stood out to me…
Rise of Chavez
1998 - Hugo Chavez elected president amid disenchantment with established parties, launches ‘Bolivarian Revolution’ that brings in new constitution, socialist and populist economic, and social policies funded by high oil prices, alongside increasingly anti-US foreign policy.
2005 January - President Chavez signs decree on land reform to eliminate Venezuela’s large estates and benefit rural poor. Ranchers say move is attack on private property.
2005 March - New media regulations provide stiff fines and prison terms for slandering public figures.
2007 January - President Chavez announces key energy and telecommunications companies will be nationalised under 18-month enabling act approved by parliament.
2007 June - Two leading US oil companies, Exxon Mobil and ConocoPhilips, refuse to hand over majority control of their operations in the Orinoco Belt to the Venezuelan government, which then expropriates them.
2007 December - President Chavez suffers his first defeat at the ballot box, when a referendum narrowly rejects proposals to increase government control over the Central Bank and the power to expropriate property.
2009 February - Voters in a referendum approve plans to abolish limits on the number of terms in office for elected officials. This allows President Chavez to stand again when his term expires in 2012.
2010 January - President Chavez devalues the bolivar currency to boost revenue from oil exports after economy shrank 5.8% in last quarter of 2009.
2012 April - Government extends price controls on more basic goods in the battle against inflation. President Chavez threatens to expropriate companies that do not comply with the price controls.
So Socialism is good or … ??