Since you believe it is such a good idea on paper, perhaps you can describe to us what the idea actually is? Because either it will be blatantly obvious you don't know what the idea is, or it will be blatantly obvious it does not match any of the places you might try to claim it has been tried.
> it requires unprecedented power to be put in the hands of a few despots
A society with power put in the hands of a few despots by definition is not communism, as a society that concentrates power with one group has class rule, and communism by definition requires the absence of class divisions.