Not really. Communism is a harmless concept in today's world making any fear of it be irrational - making it a phobia which is defined as the irrational fear of something.
If you think what's happening in Venezuela can't happen elsewhere because "communism" you're being a bit naive. Venezuela's troubles comes from an authoritarian regime's over-reliance on a single export (oil). When oil prices plummeted, their economy collapsed. The government services doesn't help and corruption was wide-spread but it's really more of a lesson on why diversifying your exports is important and not depending on other countries for everything (Really, Venezuela imported food, clothes, medicine, it was pretty much export oil, import everything else). There's a reason why Saudi Arabia is looking for more to base its economy on than just oil exports. They see what's happening in Ven and want to avoid that at all costs.
Kek.