Talk about an insane non sequitur.
Venezuela has been a capitalist nation for a long time.
It is still a capitalist nation.
What has failed in Venezuela is an attempt to make capitalism a decent system that takes care of all the citizens.
That seems to be impossible.
By the socialist government of Chavez taking over all private local as well as multinational corporations? Do you even know the meaning of socialism and the difference between it and private equity?
You are living in a dream world.
Venezuela did nationalize a handful of businesses. Some oil businesses and some businesses dealing with food production and other things. But it did not take anything. It paid for what it nationalized.
But the majority of businesses in Venezuela are individually owned, still today.
It is a regulated capitalist economy.
That has failed.