Undemocratic liberal states only stay liberal for as long as suits wealthy elites. Venezuala is technically a democracy, but, as I said in another comment, you

Undemocratic liberal states only stay liberal for as long as suits wealthy elites. Venezuala is technically a democracy, but, as I said in another comment, you also need strong institutions for a functioning democracy. Venzuala has a weak court system and Maduro didn't allow opposition parties to take part in the 2017 presidential elections, so it's not exactly a model democracy.