I was actually thinking more along the lines of Venezuela after the "Glorious Chavez Economic Miracle!" in which it took about 3 seconds for everything to go to absolute *expletive deleted*it.
That was, however, just long enough for a socialist apologist writer for Slate or Wired to crow about how glorious a miracle the people's revolution was...
David Sirota. He wrote the article for Salon. And, as far as I know, he's NEVER once addressed the reality after he wrote oh so lovingly about the fantasy.
Much the same happened in Zimbabwe under Mugabe when the white-owned/run farms were seized and awarded to Mugabe's cadre.
What? You don't have any farming experience? Have two! Sit back and DOUBLE your income as the profits flow! In reality Zimbabwe quickly went from being known as the breadbasket of Africa, a net exporter of food (by a wide margin) to a nation that couldn't grow enough food to feed its own people.