Your idea is commendable but completely out of touch with the society we live in. Capitalism is all about money ruling and being king. Profit is the god of capitalists. Everything has to make a profit to grease the palms of capitalism. It cannot survive without selling goods and services at a profit. We all know that communism doesn't work so what is left? Socialism could only work if it wasn't associated with communism. I welcome your utopian idea but society is far from being ready for it, so what is the alternative? I can't answer that question as I don't know but I believe the capitalist system will collapse eventually when we have exhausted the earth's resources in the not too distant future.
The alternative is very simple. Do something, or bad things
will happen. In the short term more recessions - indeed, because nothing has structurally changed with the nature of the economy we're still suffering the effects of the last one.
In the long term, the extinction of the species is a very real possibility.
These are so obvious, so widely reported upon in the news, I'm surprised you even had to ask the question.