The ideals of socialism are the opposite of the ideals of business, they're diametrically opposed, even. If Venezuela's industries had been owned by the public and benefits shared a la socialism they wouldn't have had any of the internal problems at all, they would have had a ton of external ones later, but they could easily have fed and kept safe their population, if it had been truly socialist.

It was the lack of money and assets for the people and the hoarding of them by private individuals that caused that part of their whole mess, not the concept of sharing and public ownership. Plenty more as well obvs, but the wealth was never spread out to actual venezuelans en masse.