What is a Venezuela-like condition? Never heard such a phrasing before. Also, don't agree with negative associations to a country/people in a wholly unrelated discussion.
Folks can argue about the veracity of your fact, but it's extremely supportable:
https://www.google.com/search?q=venezuela+condition&oq=venez...
Don't give in to the politically correct folks. Support and back up your opinions, and don't shrink from asserting facts.
Next thing you know, people will say we should outlaw words like antediluvian.
http://www.economist.com/news/americas/21640395-government-o...
It's not complimentary of course, but it's also not untrue. Moreover, many, if not most Venezuelans would complain about the market conditions there themselves.