For sure, but it’s also not nearly as prevalent as it was less than hundred years ago, and that’s good. Societies tried it out (voluntarily too) and later discovered it was a mistake. You know, reality lets you know how well it fairs. Communism too was tried out and every time has failed after naturally turning into autocracy, as it does - inherently - as a built-in mechanic included in communism.
There is a reason liberalism was the only major ideology to survive to 2000’s, it was tried out and it works in reality. Not without it’s flaws, you can blame US for a lot of things and pin them on capitalism, while willfully ignoring how every flaw you pointed out is fixed by social democracy, not socialism that supposedly morphs into communism (which again, it doesn’t and never will, it’s always autocracy and fascism-lite as seen with reality).