No, it doesn't. Communism proposes that the state will have unique knowledge that one side of the supply-demand equation lacks, and will correct the invisible hand and "balance" the weaker side.
Instead, we see that it takes an inordinate amount of resources, usually guesses wrong, and opens up the state to massive corruption. You might as well propose that a theocracy works in theory because the leader will be empowered with divine ability.
No, it doesn't. Communism proposes that the state will have unique knowledge that one side of the supply-demand equation lacks, and will correct the invisible hand and "balance" the weaker side.
Instead, we see that it takes an inordinate amount of resources, usually guesses wrong, and opens up the state to massive corruption. You might as well propose that a theocracy works in theory because the leader will be empowered with divine ability.