Nothing you underlined indicate that it’s owned by a small number of people, just that’s privately/corporate owned.
1 person can own one business in a market, and a separate person can own a second business in the market. A million different people can own a million different businesses in that market. All are privately or corporate owned.
The way anyone here looks at Communism is idealistic and Communist governments never fall into that ideal definition. Does that mean Communism is a bad thing? No. It simply means we haven’t found a way to make it work. Is Capitalism a bad thing? No. It can be great when it works. It’s just not working right now in Amurrica.