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What if we were a world that spread its money around equally?
That would require a world without greed, and even to some extent, without personal desire. I'm not that confident in humanity's ability to overcome.
Not only that, but distribution of wealth is not the only problem. It is also management of that wealth. Once a person has adequate money, what kinds of decisions are they making with it?
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What if no one accepted drugs?
Once again, the human condition is going to prevent any real progress. Addiction is a real disease, and "will power" alone is not enough to overcome it. While I do not believe we should simply give up the struggle, the reality is that too many people will.
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Obviously, this is not the case, but with material posessions, and great force, it can be managed somehow.
Ah, but there's your problem. How much force is adequate? You'd pretty much need limitless resources and limitless military and police force to make it happen.
Not only that, but I do hope you realize that this was the basic founding philosophy behind the Soviet Union. In the end, it didn't work for them any better than our system works for us, and in the end, it failed miserably. The same basic premise is behind the current Chinese government, and while they still manage to maintain power, their system isn't solving all their problems either.
It might be within the realm of possibility, but the odds against the human race pulling it off are astronomically tiny, meaning that you might as well say it is impossible.