"Of course, if our example is flawed..."
When as many Americans are pouring south to bust into Venezuela as there are Mexicans, Central and South Americans pouring in over our border, get back to me on who's got the better system.
In a few years, Venezuela is going to be an economic basket case. It'll take longer than usual for a collectivist state, because they can live off the oil for a long time (see also, Saudi Arabia).