Deuteronomy 15:4 There will, however, be no one in need among you, because the LORD is sure to bless you in the land that the LORD your God is giving you as a possession to occupy.
This section of Deuteronomy discusses the economy in the Promised Land, the remission of debts every 7th year and the importance of giving to those in need. The expectation, as we see in our verse above, was for a people in which there would be no needy among them. Why? Because the Lord would bless them with abundance to share.
The abundance of the Lord was a communal concept rather than an individual one.
In some ways the economy described here in Deuteronomy, and the economy of the early church described in the book of Acts, sounds a lot like communism. Property belonged to everyone and was more centrally controlled. Of course, the communism of the 20th century was part of an ideology that rejected religion which may have been its undoing.
I wonder what might have happened had communism embraced Christianity and the direction of scripture rather than rejecting it. Would it have worked? I don’t know, but it’s an interesting thought.
Lord you are an abundant God, giving liberally to your children. Give us grace to give liberally to others in return. We ask this in Jesus’ name. Amen.
Fuel for the journey 
A big part of the problem was that it soon became a cult of personality, first around Lenin, then around Josef Stalin.
It would indeed have been interesting if they’d put the personality of Jesus Christ as their focal point. The only modern, functional expression of such a society that comes to my mind is Koinonia Farm in Americus, Georgia.
You need to read Adam Smith. Communism can’t work (even if it accepted God) because man is corrupt. Capitalism allows us to share more wealth than communism ever could.