The real tragedy was the system prior to communism, during communism, and after communism.
Tsarist Russia was highly, and poorly centrally planned, and incredibly backwards. It ended serfdom in 1861, for Pete's sakes. The first world war demonstrated exactly how broken that system was.
Market reforms, on the other hand, inflicted immense amounts of suffering on the population, particularly segments of the population that were unable to work. (But, as with every economic system, market advocates only want to take credit for successes.)
Falling from its position as a super-power to a back-water second-world state was also a huge blow to national dignity. In case you're wondering why Russians are largely supportive of Putin's aggression, its because they see him as restoring said national dignity. It's the story of Trump's deplorables writ large.