Venezuela: Not What You Think, decentralization and grassroots participation by worker-owned cooperatives has been a fundamental element of the success of Bolivarian socialism, as opposed to the failure of central planning.
Hence, I'd recommend that you re-analyze your conception of Bolivarian socialism and the nature of Venezuelan economic success.New worker-owned cooperatives not only provided much needed jobs producing much needed basic goods and services, they also featured what was soon to become a hallmark of Bolivarian socialism -- popular participation at the grassroots level. When Chavez was first elected President in 1998, there were fewer than 800 legally registered cooperatives in Venezuela with roughly 20,000 members. In mid-2006 the National Superintendence of Cooperatives (SUNACOOP) reported that it had registered over 100,000 co-ops with over 1.5 million members. Generous amounts of oil revenues continue to provide start-up loans for thousands of new cooperatives every month, and the Ministry for the Communal Economy continues to spearhead a massive educational program for new cooperative members. However, the ministry provides more than technical assistance regarding technology, accounting, finance, business management, and marketing. It also teaches participants about cooperative principles, economic justice, and social responsibility.