Yes, it did, and it is still in the rotation of oldies radio stations. Even so, it is pure communism and anyone who could write such lyrics was not a conservative in any way.
Well be fair, John was still hooked on smack then.
Small tribes of people are communistic, and there's often nothing wrong with how they organize their lives. They can deal with the slackers and egomaniacs individually, correcting the overall social cohesion as required. But on a large scale, the schemers, thieves, and con artists take over, making large-scale communism what rational adults know it is: a feel-good con that benefits no-one but the con-artists.