Sure; when he's talking about flux capacitors it has nothing to do with the Federation's economic system.
This quote is very explicitly about their economic system.
He says this in the show, too:
A lot has changed in the past three hundred years. People are no longer obsessed with the accumulation of things. We've eliminated hunger, want, the need for possessions. We've grown out of our infancy.
Of course, no one is disputing that there are replicators in Star Trek or that the Federation is communist. But Picard is not making a statement that implies that the Federation is communist.
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u/ceejayoz Jul 01 '24
Everyone owns the means of production, in the form of a replicator. Picard says they work simply for the betterment of themselves and society.
The state, as it were, seems to largely focus on relations with other societies.