This is basically what “communism” is. And I do think communism is the only answer for a world facing a lifetime of declining resources and productivity. Capitalism is great for a world based in perpetual growth but under long-term deflationary pressure it will deliver a worse quality of life and be more oppressive than a more collective form of government (and it must be violently oppressive to keep the mass of starving people from threatening the meager profits that will remain).
You’re already seeing this in the younger millennials and Gen Z. We’re smart enough to see what’s coming and more of us are radicalizing every day.