The Great Leap Forward, begun in 1958, was a campaign to rapidly modernize by using China's vast labor resources in agricultural and industrial projects. The Leap instead resulted in economic destruction and tens of millions of famine deaths, and had been mostly abandoned by early 1962. Membership in communes was gradually reduced in the early 1960s, with some private property ownership and enterprise again being allowed. The communes continued until being dismantled in the early 1980s under Deng Xiaoping.
Mao tried it too -