It’s very very easy to do something like have a capitalist system where business and the rich are taxed. But you aren’t on about that.
You could divide everything up today. But with change and new business ideas that system will never work. You think the people would want to invest in new automation, new ways of working, new industries. If it means growth and job losses? No never. Just look at the western car industry, or any big government owned industry. People don’t want change, even things like running a factory 24/7 instead of a nice 9-5 is difficult.
Then Japan’s comes along and does all this new stuff and puts most of the western workforce out of business.