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Play on words of "[better dead than red]", which means you'd rather die than be a communist. Better red than dead implies that [capitalism] has gotten so bad and companies so greedy that you'd rather be communist (as there is ideally a minimum [guaranteed] food ration provided from the state for free) because otherwise you'll die from not being able to afford the highly inflated price of goods necessary for human life, such as food and water.
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