Actually, a little history of Venezuela vis-a-vis, the Western corporate economic order is instructive. Feel free to transfer this exchange to appropriate thread Mods. " The exploitation of Venezuela’s tremendous petroleum resources has been the constant objective of US policy and action toward the South American state for over a century." Yes, Venezuela should have let the oil companies stay because they lacked the expertise to exploit their oil reserves. Other than that based on history of extreme US meddling, can anyone blame them for being wary of interactions with the Western power brokers.
The Venezuelans were so indoctrinated by the Chavez socialism concept, they could not understand that the foreign oil companies that were there were there to make a profit. They firmly believed that every dollar that came out of "their" ground belonged to them. The problem was not socialism vs capitalism, it was the age old problem of a less technologically advanced people running into a more highly technologically advanced society.
It is the same set of events that happened to the American North West Coast Indians, the indigenous tribes of Africa, and when the Romans over ran Gaul. The less technologically advanced people get wiped out. North America, and Europe have been presenting their technology as a gift to the rest of the world for the last three centuries. Not all the world's primitive societies wanted to exchange their way of life for the techno gizmos of the Western world. When they protest too much, we bomb them. "Beware of Greeks bearing gifts".
We are still doing it today! It is no wonder that half of the world is a complete mess. The Chinese have computers that they didn't have 20 years ago, and every African bush bunny is carrying around a cell phone. The societies that have evolved their technologies had three centuries to adapt their cultures to the transition. We have attempted to shove down everyone else's throat the same advancements in 30 years. Technology is a double edged sword; and the back edge is coming around now!