That's certainly true.
Venezuala is a rich country endowed with vast petroleum reserves, forests and ample, rich agricultural potential. Before the Chavista's took over it was one of the most prosperous countries on the continent. Now after a decade of inept socialistic rule it imports nearly all that it consumes, both in terms of food and other products. Worse, even its petoleum production is down by over 1/3rd due to the inept manasgement of the ruling socialist party that took over a once efficient company, soon after it seized power. Now owing to the stupid, inept authoritarian management of the economy and the unsustainable burdens of debt accumulated by this government, even trade and the distribution of the remaining goods has broken down, creating truly dangerous conditions for the people. Now the government demands forced labor on government "farms" (though they have sinced cynically restyled it as a search for "volunteers". This is hardly the socialist nirvanah that the now departed dictator Chavez promised, though it increasingly resembles its soviet socialist predecessors, and of course, Castro's Cuba.
The Chavistas have, from the start, ruled in an authoritarian manner, ignoring and silencing all inconvenient democratic elements in the government and imprisioning political opponents. This is not unlike the Socialist regimes of the unlamented Soviet empire, and indeed appears to be an inseparable part of socialist states that assume rule over economic activity.