The term <i>socialism</i> applies to dictatorships and democracies worldwide. As does the term <i>republic.</i> It&#x27;s become a meaningless label. Venezuela&#x27;s problems center around something known as the <i>resource curse.</i> Brazil, which has had a conservative democratic republican (little &#x27;r&#x27;) government in power, also has problems that stem from the same issue.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Resource_curse" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Resource_curse</a>