Having said all that there is a draw to more collectivist and less individualistic approach to society.
Here is the problem with a collectivists approach, in order for everyone to equal, everyone (except the party leaders) wind up poor.
When you eliminate the ability for people to work hard and move ahead, everyone’s hopes and dreams disappear.
The reason you are seeing some success in China is because the Chinese Communist Party didn’t want to follow the Soviet Union and loose power. So they have allowed for Capitalism in many areas of their market.
In the early 1980s, China start introducing a little bit of Capitalism to their economy. Later, after the Tiananmen Square Massacre (and the fall of the Berlin Wall a few months later), Communist China start to allow more Capitalism so they didn’t lose control like what happened behind the Iron Curtain.
Keep in mind that everything that is happening in China today disgusts the true communists. And while can’t completely imply communist economics on their economy anymore, they continue to push communist ethics on their people.
You have to keep in mind that in Communism (and to a degree socialism) diversity of opinion is not tolerated. Everyone must think the same or be eliminated.
Both systems cannot function with differing views. That’s why communist countries and total socialist countries like Venezuela are one party systems.
Honestly, one of the scariest things is how in the 1910s, Lenin was talking about “democratic socialism.” Then, once he was in power, he started execulting anyone who would disagree with him.
That’s how socialism & communism work. Difference of opinion is not tolerated.