The left keeps getting Venezuela wrong
James Bloodworth writes: Since the collapse of the Soviet Union, few on the left have had much real idea as to what a contemporary socialist economic program would—or should—look like in practice. Twenty-first century socialism in Venezuela was supposed to offer hope, but it turned out to represent yet another mirage, this time built on the back of exorbitantly high oil prices. As prices dropped, mismanagement of the state-run oil company, PDVSA, by the Chávez and Nicolás Maduro governments saw…