WHAT IS AN EGALITARIAN ECONOMY?
[Note: This is how the economy must be to abolish class inequality and prevent it from re-emerging. If you have a better idea how the economy should be in order to prevent class inequality, write to us and we will publish your opinion with our comment.]
As this video of person-on-the-street interviews illustrates, most people want a society with NO RICH AND NO POOR. An egalitarian society is just that.
An egalitarian economy is one that is based on the principle, "From each according to reasonable ability, to each according to need or reasonable desire, with scarce things equitably rationed according to need in a manner democratically determined by the local assembly of egalitarians, which also determines what is reasonable."*
Contrary to the claim of anti-egalitarians that people won't work hard unless they are motivated to get richer than others by doing so, the fact is that the egalitarian economy that replaced the capitalist economy in about half of Spain during the Spanish Revolution of 1936-9 produced MORE wealth than the previous capitalist economy, as you can read about here. People work hard when they're working for shared goals as equals!
Anti-egalitarians also foolishly declare that if everybody who contributes reasonably according to ability has the same right to take for free what they need or reasonably desire, then nobody will do the hard or dangerous or unpleasant jobs that need doing. Guess what! Egalitarian families today--in which all members contribute reasonably according to ability and take for free what they need or reasonably desire--manage quite easily to take out the garbage and do the dishes and house-cleaning. Likewise, people in an egalitarian society can perfectly well figure out how to arrange for similar work to be done without relying on class inequality.
Yes, people own and inherit private property in an egalitarian economy and society, as discussed further here.
No, there is no central planning with some anti-democratic rulers ordering everybody around like in Communist regimes that are notoriously anti-democratic for the reason discussed here.
How a sharing economy works in more detail is discussed further in "What Replaces the 'Free Market' in a Sharing Economy?"
A sharing economy is based on a very different principle from "If you give me something worth such-and-such I'll give you something in return worth such-and-such," which is the "exchange of equal for equal" principle. Money is extremely useful if the economy is based on the "exchange of equal for equal" principle, but pointless in a sharing economy. The reasons a sharing economy is not based on money (buying and selling) are discussed here and here.
A sharing economy is a way to prevent class inequality in which there are some rich and some poor. Why there should not be some rich and some poor is discussed here.
A boring technical detail about a sharing economy (for those who like thinking about such things) is discussed here.
* Egalitarians, being reasonable people, will no doubt count children and retired elderly and people physically or mentally unable to work as "working reasonably" even though they do no work, and likewise deem it "reasonable work" when people care for their own or other children or for other sick adults or attend school or apprentice programs to learn skills so as to be able to work in the future.