Interestingly, it’s actually fascism. Look at how Italy and Germany savages capitalism as it was crashing all around them - they artificially buoyed the big industrial companies and protected their stock prices so that the owning class could maintain the value of their portfolios.

Compare this with communism every except China and it’s obvious this isn’t communism.

And when you do compare with China, you actually see the reverse situation, which is that China starts from total state control of the Commons and then slowly and incrementally creates operating space for private enterprise to develop within the confines of the communist project.