[vezzy-fnord]

I presume the communist mode of production is one in a stateless, money-less society where factors of production are cooperatively owned by workers and where the production process is based on some definition of "use" rather than "profit". Profit would be the surplus employed by workers to create more use value. Goods would be traded "in kind" as is without a lubricant of exchange like money.

The canonical argument against this is "Economic Calculation in the Socialist Commonwealth". There's generally been two ways socialist thinkers have tried to get around this: a) calculation in kind, which essentially reverts us back to unscalable barter where there is no reliable unit of account, and b) the Lange model of a Central Planning Board, which immediately brings all the issues of public choice, bureaucracy and "state capitalism" as you derided it earlier.