The term socialism applies to dictatorships and democracies worldwide. As does the term republic. It's become a meaningless label. Venezuela's problems center a

The term socialism applies to dictatorships and democracies worldwide. As does the term republic. It's become a meaningless label. Venezuela's problems center around something known as the resource curse. Brazil, which has had a conservative democratic republican (little 'r') government in power, also has problems that stem from the same issue. https://en.wikipedia.org/wiki/Resource_curse https://en.wikipedia.org/wiki/Resource_curse