Witness modern Venezuela. A generation ago, Venezuelan voters cheered when socialist Hugo Chavez was elected president.
Chavez’s socialist government took over the mining, industrial, energy, and shipping industries. Chavez imposed censorship on the media, jailing critics. Wealthy households were raided and had their belongings taken by the state. Companies were banned or fled.
Chavez provided “free” benefits such as health care, housing, education and food.
Now Venezuelans are suffering from massive waves of illnesses, yellow water, energy shortages, and dirty air. See here.