I think part of it is that unlike in the US, access to education wasn't paywalled.
Higher education in the US, with the exception of scholarships here and there, requires you to come from a wealthy background to afford the best schools.
In other words, it's more about perpetuating class privilege than it is about developing the best and brightest of a generation. If you're a genius with poor parents, you have to really hope to get lucky enough to get a scholarship.
In socialist societies, despite the claims often leveled against them, things were more meritocratic. If you're a genius with poor parents, you got access to the best education as that's what's optimal for society.
It's also about poor children getting worse primary education . According to Google "roughly 21% of U.S. adults are functionally illiterate".
If you never learned to read, good luck getting higher education.
I'm not defending communist societies like Soviet Union or China but I think "social democratic" countries like those in Scandinavia have shown generally good education outcomes.