I must begin by thanking you for the good comments, I hope you liked my publication even though you may disagree.

First may you define socialism in your own words.

I would define socialism, obviously being quite summarized, as a system of social and economic organization based on the ownership and collective or state administration of the means of production and distribution of goods.

Based on that definition, I am aware that social democracy is not literally socialism, but is a conglomeration of some half-baked ideas among which Marxist socialism predominates, one could say that it is a less radicalized version of socialism, however, what it deserves with the title, is that many modern political figures who call themselves social democrats are people more attached to socialist ideas than they like to admit, but are afraid to say it publicly for all the historical weight that this it brings them.

Coming back to Venezuela a lot of the sector is mostly private according to the ILO 72.2% to be exact, which is responible for around 70% of the GDP.

Only the oil industry represents more than 50% of GDP in Venezuela, which is a mono-producer country, that is, that its economy depends almost entirely on a single product, and absolutely all this industry is state controlled , so I would doubt the ILO data, but without dismissing it, since the data presented by the government are not transparent at all and ceased publication at the end of 2015 and the beginning of 2016.

Under chavism the GDP has skyrocketed only plummeting when the oil industry had a crash, which inherently is a fault of capitalism and not "supposed socialism".

Efectively, and this is because the Venezuelan economy is totally dependent on oil, this is not a failure of capitalism, since the prices in the international market were not established through a free market, but rather, OPEC speculated with the price of the oil manipulating the demand, as it still does, creating a price bubble that was unsustainable in the long term, however, the government, despite being aware of this, did not diversify the industry and only destined more money to public spending through the increase in the number of social programs and government subsidies.

The west has taken the stance of embargoing the crippled nation for the reason of "undemocratic election" which the country had a history of fully fair and democratic elections.

Venezuela does not have an embargo, today, the main commercial partner of Venezuela is still the United States, which together with China represent more than 50% of exports and also imports of the country. The sanctions placed during these last two years they have only made it impossible for the country to borrow more, but commercial deals have not stopped. And the economic crisis that the country is going through, started four years before these sanctions, in fact, the height of the crisis occurred between 2015-2016, just before the sanctions were placed.

Although during the Chávez administration I am totally sure that the elections were clean, since you could even see on the street that the Chavistas were the majority, since the arrival of Maduro to power the elections have been much less transparent, the opposition won the last elections cleanly held in 2015, and since then the government has imprisoned some politicians and vetoed others, and talked about the main opposition leaders, also closed the parliament, which was controlled by the opposition, and held elections for a National Constituent Assembly without following the established guidelines in the constitution, that is, in an illegitimate way, and even in the elections to choose this assembly, in which the opposition did not participate, the company in charge of providing the technological services for the elections, and which lent them throughout the government of Chavez, Smartmatic, said the elections were rigged by at least 1 million votes. So the antidemocratic sanctions of the United States are not so detached from reality.

You must ask, why hasn't this been done to other social democracy such as Denmark, and Sweden.

Well, for more than 18 years, Venezuela was not sanctioned, but as we saw, it totally abandoned constitutional democracy.