During the Chavez regime, one which the leader promised populist reforms and to return the country's wealth to the people, 70% of the population continued to live in abject poverty.
Once again demonstrating the fact that only those politically connected have entry into the elite ruling class. While everyone else is kept miserable.
There is no benevolence in socialism.
Of course they did. Maybe the problem is you believe the goal of socialism is to make everyone have the same pay or the poor will disappear or something...
It does..Socialism is rooted in the common good. Groups. Collectivism.
For socialism to work it first must have a captive market.
It also cannot function unless any aspect of the individual is defeated and forever quashed.
The only way this can be done is under threat of government sanctions.
"You will comply".
Individual achievement and success, creativity and the entrepreneurial spirit are channeled to government for 'the common good'.
All wealth is confiscated by government to do with as it sees fit.
This method has been tried and failed throughout the history of mankind.
Then there is the so called hybrid of socialism and capitalism. This is where earnings are taxed at confiscatory rates. All enterprise is heavily regulated and taxed.
This is the failing system we see in Western Europe.
To date there are some 27 EU nations. 25 of which are subsidized by two.
These nations have labor laws which mandate to business all hiring and firing practices. How much product they can create. What type of product. All subsidized by government. Not for the purpose of insuring success, but to insure government remains heavily involved in private enterprise. Mandates on vacation time and work hours and mandatory retirement and pensions.
Sooner or later these systems become unsustainable.