No it's not, because that literally has never happened. The propaganda of "under communism everyone will eat dry bread and live in grey cubes" is both not rooted in actual examples. In those times and states there were both still a privileged elite and the majority of world superpowers were not only not participating in the sharing of resources, they were actively attacking it either indirectly through political pressure or directly through literally killing people.

If we had actual true global equality everyone would be doing better than you're probably doing right now.