Confusion over Venezuela's economic plan

Funny Bernie Sander's website still has his original post where he states "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who's the banana republic now?"
https://www.sanders.senate.gov/newsroom/must-read/close-the-gaps-disparities-that-threaten-america

Thank you for the share of Venezula's economy.