This article is ironic as Hades when you consider that it’s published in Time magazine - as leftist a rag as you can possibly get.
Of course, “socialism” or “communism” is never mentioned as part of the problem. Rather, it’s implied that Chavez (in hell now) was merely just another dictator who laid the seeds for Venzuala’s problems, not socialism itself, by his personal economic incompetence.
That's because it was the collapse in oil prices. (cough)