No comrade the inevitable communist victory is represented in the red shells homing capability. You can delay the revolution with a banana peel or green shell representing colonialism and the environmental destruction of turtles by capitalism but more will come. And if you get to first place you'll get nuked by the blue shell this represents the police protecting capitalism by destroying anyone who works their way into the upper class through meritocracy. The fact it's thrown by someone lower on the ladder is symbolic of the proletariats destroying themselves by fighting amongst each other for the top spot only to win some shiny cup that one cannot drink out of.

Mario wears red and has a moustache and is clearly a representative of Joseph Stalin. Why the communist imagery is so strong that you'd have to be blind not to see it. The mushroom people all dress the same and live in a non-patriarichal society of total equality where the individual is indistinguishable from the state which is ruled by a benevolent dictatorship of the proletariat through the toadstool princess, but the society is destroyed by the evil capitalist turtles by introducing coinage and subverting the state by capturing the benevolent non-patriarichal ruler and replacing her with a monster that uses the military industrial complex to manufacture large numbers of hammers and bullet launchers only for the working class plumber to rise up and overthrow the capitalistic patriarchal oppression and bring back utopian female rulership.

Why you'd have to inflexible and rigid to be unable to stretch enough to see this obvious connection.