This is more than just about Venezuela, it's also why many countries tried socialism and why they were often not very successful. Most of the countries that went socialist were very poor, where the ruling elite had badly exploited the people. When they become socialist they had an enormous task getting their economies going, but the West was also attacking these countries trying to undermine them.
Many Western countries never went socialist because they were the beneficiaries of colonialism, where exploiting the world made capitalism appear to work. But since neoliberalism, this isn't the case anymore, and the French, in particular, are fighting back, while the millennials are now more open to socialism.
Vijay Prashad discusses the extent to which US interest in Venezuelan oil and other natural resources is driving Trump's policy of seeking regime change. The link is not that straight-forward, but it is there, says Prashad
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