21st Century Socialism

I was listening to a report on the BBC today where the government of Venezuela was allowing workers to have some say in the running of the government-owned aluminum industry. Aluminum is second largest industry behind oil. Anyhow, this "worker" participation was described as "21st century socialism." Wouldn't it be more appropriate to call it 21st century tyranny.

These socialist still keep trying to get it right. Over and over, they get it wrong: Nazism, Maoism, Baathism, Communism. The only thing these regimes get right is tyranny and murder of millions of people. F.A. Hayek must be spinning in his grave!