Well. Everyone has a balanced life that includes work, exercise if able, fun free time and rest. Everyone has enough to eat and the economy is more at the bottom than the top. All companies are employee owned.

I don't think anything would collapse, there are enough examples of big and small employee owned companies to know it works.

We are not driving much anymore and the city is hella crowded because now nobody wants to live on the outskirts anymore, we all want to live close enough to everything to walk there. we will have to deal with it. But at least it would leave room for farms & wild spaces. Farmers would still want to farm but small farms only oh no everything is expensive but well, no more profits being funneled up and out so we can afford it, it will settle out.