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Ehem... I'm from Venezuela but my family escaped and moved to Colombia when I was like 15-16
Trust me, I know exactly how the entire shit collapsed, my family saw it first hand.
Trade embargoes or not even ignoring the rampant corruption, the entire government was far too inefficient and bloated. Nothing was managed properly, there was a bunch of waste and eventually not enough administrative oversight. Oil production went to the gutter not just because of trade embargoes but also because PDVSA was just terribly mismanaged. People stopped trying to get into the business and studies on oil and management became less and less common, there were far fewer qualified workers than there were during the initial boom.
I know pro-Socialists from first world countries love to imagine Venezuela went to shit because of US imperialism, and the US absolutely didn't help, but it was bound to happen either way.
I compare Venezuela to Colombia consistently. Colombia has a lot of the same social and cultural issues and structures as Venezuela, but in Colombia if you don't bust your ass working, you're royally fucked. It's brutal, and arguably it means being really poor in Colombia is worse than Venezuela to this day, but also I know Colombians who have found a professional niche and grown into their professions because their work is equivalently rewarded. That is not possible with Venezuela, and it's not because we can't trade with this or that country, it's because there is no infrastructure to push our local economy, there are no mechanisms to protect up and coming businesses, there is no legal recourse to sustain anything viable. The government never managed to redistribute resources or use them to create more wealth. Instead they slowly let our institutions and infrastructure erode, failed to reinvest in education or new infrastructure and let corruption take hold of most official positions. At some point they were just trying to save themselves and the military cúpula.
I really want to believe something like socialism is viable, but I have seen absolutely no proof of it ever managing to be sustainable in the long term. Humans need some degree of incentive to push themselves to improve and to improve their own communities. The belief that humans are inherently motivated to innovation and creativity when they have their basic needs met is just not something I fully believe. Some people are like that, but I don't think it's enough of them to sustain a functional society.
Y si quieres hasta lo podemos hablar en español para que veas que no estoy aquí para hacer propaganda barata ni soy ningún bot ruso ni gringo ni nada.
what's your opinion on Trump's regime change in Venezuela?