We don't need to travel all the way to Venezuela, we can look to socialist enclaves in the USA: NYC, Philli, Baltimore, Chicago, and most of California.
Like Venezuela, these formerly first world cities are run as socialist utopias. Taxes are off the charts. Regulations are off the charts. Government bureaucrats come and seize property at will -- sometimes via mandated spending (they order you to spend your money on their priorities), sometimes a very liberal interpretation of eminent domain. Sometimes the co-op board or HOA has work done and puts a lien on "your" property for the inflated bill.
These socialist utopias account for the most gun violence in the USA. They don't collect garbage and have clean water problems, just like a 3rd world socialist country. Homelessness, used needles, and human feces are all over the streets. Medieval diseases like the black plague and lepracy are rampant, as is hepatitis.
In these socialist utopias, many neighborhoods are off limits to outsiders, including the police, fire and ambulance. Outsiders will be shot without warning. Police only enter these neighborhoods in heavy armor, SWAT teams and helicopter support.
That is socialism's mark on the USA so far. The damage and suffering in Venezuela and Bolivia is much worse, but it is not safe to travel to either of those places.
London-istan has more CCTV cameras than Beijing, despite China being a totalitarian state while UK claims (at least on paper) to be a pseudo-democracy (academics will want to argue details of a constitutional monarchy, but I'm focusing on practicality not pedantic bullsh!t).
Parliament ignored the referendum to leave the EU, so in practical terms, the UK is already a totalitarian state ruled by officials, not unlike the CCCP rules China.
History will rhyme (not repeat exactly) -- the UK will go bankrupt again, just as it did in the 1970s. It will need another bailout from the IMF, but now the IMF is bankrupt too. This time the north sea oil fields have been exploited, so its not clear where the UK will get required revenue going forward even if the IMF gives them a bridge loan..... ergo the NHS will collapse along with a lot of other UK government programs. The notion that UK is capable of continuing to pay into the EU ponzi scheme is absurd, they can't even pay for domestic spending.
PS - how is the nationalization of RBS going, 10 years in? Can the UK run a bank or what!