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Every system is bad and will ultimately fail for the vast majority. As long as humans partake in it.
Weird because China is succeeding quite well.
Probably more fascist than communist these days. My actual favourite theory though is that there are way more important things happening under the hood of nations, and whether they're called communist or democratic or whatever is just a veneer.
James A. Robinson's book Why Nations Fail for instance provides an interesting alternative way to look at this, that goes beneath the surface.
Beneath the surface of every great nation's collapse is US Interference
I agree prison labor is just a roundabout way of getting away with slave labor and it shouldn't be done. That being said, China has less slaves than the US and treats them half as badly.