Some comments from Oxblog...
Here.
I love the phrase, "Highly centralized, populist style of government."
The Left loves a command economy if it's THEIR boy in charge. Especially if he hates the United States.
Venezuela will now go into the economic crapper like all other Marxist wanna-be nations have. The post linked above describes how the process had already begun.
And when Venezuela is a Third-World nation again, the Left will still not have learned anything.