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Communist leader is a flaming capitalist (7)

Ross

I believe the answer is:

redhead

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'a flaming capitalist' is the definition.
The answer and definition can be both people as well as being singular nouns.
Maybe there's an association between them I don't understand?

'communist leader' is the wordplay.
'communist' becomes 'red' (red can informally mean communist).
'leader' becomes 'head' (head is a kind of leader).
'red'+'head'='REDHEAD'

'is' is the link.

Can you help me to learn more?

(Other definitions for redhead that I've seen before include "Person with rufous hair" , "One with auburn hair" , "One with rufous hair" , "Auburn-haired person" , "diving duck?" .)

I've seen this clue in The Globe and Mail.
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