Not necessarily. A true sociocracy would value corporations on a system of social good. Not, as now, a measure of how much spare money it has after trade and costs. It should also be very possible to run corporations as co-operatives which spread ownership among the workers.
Capitalism breeds fascism. As long as we have capitalism we will fight fascism. Communism is not the answer though nor is any extreme ideology. Social direct democracy or even sociocracy would be better systems.
Possible, his family called him Chevy short for Cornelius. Might have been a knowing joke on their part but ostensibly there is no connection.