No, I'm saying that "that sort of thinking", where you naively design your economic systems around "First, look out for people, then figure out efficiency." rather than "efficient systems first, then work within those systems to help people" when taken to its logical conclusion and "tried on a national scale", is communism. Communism always sounds like such a great idea to people who think they know better than markets, but it consistently results in everyone starving, or at least being in abject poverty, every time it's tried at scale.
"keeping corporations from buying local resources" is a much weaker application of the same philosophy which will cause significant harm on a smaller scale for much of the same reasons, but probably not enough to impoverish a whole country unless combined with too many other policies based on that same sort of thinking.