Chavismo, after 25 years of rule, has corroded democracy in Venezuela, destroying its political, economic and social fabric.
The minimum wage has plummeted from 348 to just 4 dollars since the beginning of the Bolivarian revolution.
The highest inflation in the world has made the bolivar almost worthless.
Venezuela's GDP has shrunk to just a third since 1999.
The rule of law in Venezuela has been broken, with colonized institutions and suppressed freedoms.
María Corina Machado, an anti-Chavista leader, has been disqualified from running for presidential elections.
The exodus of Venezuelans has outpaced that caused by wars such as Syria's.
The US has reactivated sanctions against Caracas while the Spanish government tries to alleviate the situation.
Conclusion: Venezuela's case serves as a reminder that every political project needs to respect the rule of law to prevent severe socio-economic problems.