Well, what you are describing really is essentially communism, in terms of the ideals. Everyone working for the sake of each other,rather than just for themselves, as in capitalism. And the logistics involved with seeing to everyone and balancing efforts intelligently are identical.
The reason why that kind of communist/socialist state has yet to have succeeded, in my opinion, isn't because the logic of utilizing resources that was was a bad idea. The reason all of the ones we've seen have failed, is because the power structure of the state was not designed to put knowledgeable competent people in charge of appropriate decision making.
In what became the USSR in particular, the characteristics used to select people for positions of power were based around blind dedication to naive attacks on the old regime, rather than on genuine ability to do the job they were assigned.
It was identical,ironically, to the biggest problem we have in our own politically driven government: people are too often chosen to fill jobs in US administrations, based on their party loyalty, and "political dues paid" to whoever wins the actual elections. The reason why the US occasionally ends up with good people in charge, has less to do with the political way jobs are assigned, than to the fact that most people (save the ones like Trump) only come to be in a position to GET those jobs,after they've had enough political AND practical experience in other offices, to come to the attention of the voters.
As to the overall "assignment" here:
The number one lesson that I have gleaned from a life time studying human systems of self-organization, is that shortcuts are always a disaster.
What I mean by "shortcuts," is any attempt to get masses of humans to behave as though they are collectively WISE, or CARING, or in any other way IDEAL, that relies on force of government.
In my view, every form of oppression we have seen, at it's base, was driven by it's originators and leaders trying to take a quick road to SOMETHING. One classic example that we are seeing yet again in the US, is the ancient idea that the ideal of national unity can be achieved by FORCING everyone to perform "patriotic" rituals of various kinds.
Most Empires were built directly to try to take a short-cut to thoroughly coordinated, low cost free trade. Genocide is an attempt to take a short cut to cultural unity. State sponsorship or support for your "favorite" religion is an attempt to take a short road to emotional unity, by forcing everyone to pretend to believe, with the assumption that once everyone is doing the prayers and obeying the rule sets, that they will come to love the religion personally.
Having sorted through thousands of years of such shortcuts, I have concluded that none of them work. It seems to be in the nature of earth critters, that gaining power rapidly ALWAYS results in that power being used to pursue the short-sighted often childish goals that inspire the individuals who end up in charge.
The one thing I haven't seen tried anywhere, is to build a society with universal comprehensive education of all citizens, at it's core. It's education, genuine education, not indoctrination, that results in individuals gaining the insight that has to be there, before they can even TRY to live up to any positive ideals.
So write me up a Constitution that requires that every person be taught how things work, including how businesses do and don't work, how manufacturing does and doesn't work, how TEACHING does and doesn't work, and so on. Then have the patience to see how things turnout as a result.