No, but just like most systems, how it works in reality is completely different to how it works in practice, the sane way communism fails in the real world but in a theoretical essay without ' real people' involved it looks a system that should create a wonderful society, look at how Marxism has fared in the real world - utter disaster.
Capitalism checks all those boxes you listed when used in the real world, it's why it all happens, if you think any political party is changing that then you're a dreamer mate.