Politically, what Chavez did was successful. But that success came at the cost of the future. Instead of building a more stable foundation for long-term prosperity, Chavez started cutting chunks out of the house and handing them out to the crowd. Socialists, especially, take note: he essentially destroyed one of the most competent, successful, state run companies in the world.
It is a problem for socialism and socialists. Politicians get to run things. And when they do they\’ll be run for political reasons, not economic or business.