Well, the smart thing to do would be to use this opportunity to break with the legacy of Chavism and all other forms of petro-populism (a term I heard today and am determined to strong-arm into common usage now), presenting a coherent alternative to capitalism, no matter if it's "Bolivarian" or not.
Unfortunately what will most likely happen is that the left will refuse to move on, invoking the same idealised image of the Chavez-Maduro period decades after it stops meaning anything to workers in Venezuela (see also: post war British social-democracy).
Yeah, a break with the legacy of Chavism has to be examined in context...If that break is in the context of advances by outright reactionary forces, then the only way it could represent a change of the left's fortunes is through a change in tactics, i.e. abandoning social democracy for genuine revolution.
Unfortunately, while many on the left seem to think of times of economic crisis as prime opportunities to draw attention to the problems of capitalism and alternatives to it, that hasn't really gone anywhere in other cases, either.
Also, yes, a "thaw" in relations with the U.S. (between the governments, at any rate) could surely only encourage "neoliberalism".
"I'm a pessimist because of intelligence, but an optimist because of will." - Antonio Gramsci
"If he did advocate revolutionary change, such advocacy could not, of course, receive constitutional protection, since it would be by definition anti-constitutional."
- J.A. MacGuigan in Roach v. Canada, 1994