Venezuela was supposed to be poor, communist, and starving. Now they are doing so well they have 2 presidents?
They are on the verge of civil war.
They are poor, capitalist, and starving. They have a smaller public sector than Norway and Denmark. Their economy is dominated by private enterprise. That's exactly why it crashed, because Maduro's horrible economic policies (basically just mass printing money to pay all state debts) lead to insane inflation rates, which made everyone's money in Venezuela worthless, so it lead to capital flight. It is a capitalist economy in which a large portion of capital has fled the country, so the economy is in shambles. This could not happen in a communist society because they would not have money or a state by definition, so there could be no state to print money.