Yes because in his delusional mind socialism cannot be wrong. So he will continue. He/it cannot be seen to be wrong. So like all socialists he continues at all costs even when his country is starving, suffering and he has started shooting people that disagree. This way he will be overthrown rather than admit it doesent work... Because in his own distorted mind then its not seen to be wrong.
What you are seeing is the end result of wealth redistribution. Works great, initially, makes the poor wealthier. But as always a decade or so later on, they run out of everyone elses money... And the driving force of capitalism, so no production. That shrinks the pie. Now theres no pie, huge debt, and is a country that should be as rich as other middle eastern oil rich states where the cops have gold plated ferraris... It takes socialism to do this kind of evil!
From the richest country in south america and looking even more promising with the worlds biggest oil reserves, to the poorest and in total humanitarian crisis in just 19 years. Took 2 socialist governments.
Yet STILL thers thousands of stupid people think socialism is great. Same shit over and over across half the planet, and repeated for a century. Failed the same way every last time.