@malwaretech I think the standard of living would be pretty good in a "hypothetical perfect communist system", but it would be even better in a system where "true free markets" can exist.

In my humble opinion the current capitalist system in the western world is closer to communism than most people think regarding corruption because so many systems of needless regulations are in place. Sure, you need laws, but most of the current regulations are in place only to facilitate some form of manipulation of said market. For example, the bank and finance systems are horrible.