Reminds me of modern Libya. Perhaps, Russia would've become like that in such a system. Everything is run by committees, everything is voted on, and not even the supreme leader can get much done - but he does live well otherwise.
No capitalists use 'wage slavery' my friend the exploitation of the worker. They tell you we will pay you with a piece of paper which is completely worthless for you to create me or us this surplus of your goods which I will sale for 10x the value.well, to put it kindly, you have a more than slightly defective comprehension of capitalism.
(robbing the worker of the surplus value? Really, how exactly do folks imagine capitalists do that - walk around holding guns to people's heads demanding overtime?
That sort of thing only happened in, well, Nazi Germany and the Soviet Union).
Put it this way - if it 'costs' Joe $3 of his time to make a pair of shoes, and he sells them for $4, then over time Joe will accumulate excess money beyond what is needed to satisfy his desire for immediate consumption. Presuming that he doesn't just sleep on the excess funds, he will use them iin some fashion. Since he isn't going to consume, the only other option is to invest in some fashion. Now Joe is using money to make more money. At some point in this process, more of Joe's income will be derived from using his money, as opposed to his labor. At this point, Joe is becoming a capitalist.