Well, there is a flipside to every story. Maybe, that privately owned business exploited the hell out of the local community and never gave anything back. You see, in that country the disparity between rich and poor is much more visible in the small community setting. The abuse that the poor suffer is often times built on the concept of indentured servitude. Think sharecroppers being charged exorbitant fees for seeds that only one company is "legally" authorized to sell and you get the idea about what these people have endured. Also, it is very common for business owners there as "elite" to have been awarded governorship's by the crown that totally violated the land claims of the natives.
With their history being heavily stained by bad blood, you can see the grudges these people manifest when celebrating the termination of said businesses. Don't forget that if these communities were preyed upon by schemers that made it impossible to ever pay back debt, odds are good that the business took over land that belonged to certain tribes for centuries and boom you have all these poor (Unmixed European) angry Venezuelans complaining just like the poor (Unmixed European Elite) Cubans did when Castro and Che gave it all back to the natives.
You think American media is going to paint that picture pretty for us when we as a nation have trampled, slaughtered and displaced millions of Natives like the Navojo, Cherokee, Sioux, Ohlone, Seminoles, Chippewa, Apache, Mohawks, Mohicans... You need me to keep going?