That’s one way to look at it. On the other hand, it seems more and more like the “defeat” of communism helped defang it and make it more attractive to many. With that barrier removed, those with communist sympathies were free to hijack other movements, like the Environmentalist cause. It seems like the communists have a lot more influence here in the West now than they could ever have achieved during the Cold War.
I dare say that our electing a Communist - not Socialist - to POTUS, the once greatest superpower in the world, is proof Communism is not defeated. Several items on Obama’s agenda are way past Socialism.