It’s a word trying to describe the left of a political spectrum as an -ism, which is stupid. It’d be like saying liberals (who are on the right of the political spectrum for you Americans) are the same as fascists because their rightists.
Every country is a mixed economy. Capitalism/Communism as ideology is dumb (like most ideologies). The closest to a fully capitalist country was probably Somalia in the 90s.
Gypsy doge