Yes. But in practice what we call economics is—everywhere—a system that makes millions and billions of people minimal paid servants to various elites. It's THAT economics that is stupid and must be ended. Also, we do not need to invent a whole new system. We can simply choose to not produce anything but necessities—which means people would do a tiny fraction of the labor they do today—and give food, medicine and other necessities away so everyone can live better. With less stuff but more time. And TIME IS LIFE.
That's The Saners view.