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[–] lettersofmarque [S] ago 

These various schools disagree on almost everything,

But you have THE correct definition? Is Venezuela incorrect in self describing itself as socialist?

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[–] Horrux ago 

It's not what I have. There are many billions of people on this planet and the VAST MAJORITY of them recognize "socialism" to mean precisely what I say it does. Not because I say it, but because that's what IT IS. For example:

https://philosophyterms.com/socialism/

I did not make that site. I am no expert on Venezuela, but I understand you are trying to tie in heavy political crap into this conversation which has NOTHING WHATSOEVER to do with Venezuela, which is in the position it's in for NUMEROUS reasons and factors, the most important of which is: OIL.