No shit, they tried it, apparently it didn't go very well:

The Great Leap Forward was an industrialization campaign within China from 1958 to 1962, led by the Chinese Communist Party (CCP). CCP Chairman Mao Zedong launched the campaign to transform the country from an agrarian society into an industrialized society through the formation of people's communes. The Great Leap Forward led to between 15 and 55 million deaths in mainland China during the 1959–1961 Great Chinese Famine it caused, making it the largest or second-largest famine[1] in human history.[2][3][4][5]

https://en.wikipedia.org/wiki/Great_Leap_Forward

So they decided to switch to a mixed market economy with capitalist elements https://en.wikipedia.org/wiki/Reform_and_opening_up

and apparently things are going pretty well

The reforms led to significant economic growth for China within the successive decades; this phenomenon has since been seen as an "economic miracle".[1][2][4][5]

Juuuuust kidding, they actually stayed true to their communism roots and shunned the free market, international trade, every worker worked to his or her own ability, owned the means of production, never had any issues or disagreements and they lived happily, ever, after. The end 😇