That's spot on. Just a word to inspire fear. Most people I know who talk bout communism/socialism aren't well versed enough in the political theory to speak intelligently on it, other than, "it's bad." Which, to a degree is generally right, but smacks of limited knowledge.
These 100 million people say you are full of something...
https://www.wsj.com/articles/100-years-of-communismand-100-million-dead-1510011810