Wouldn't that just be a highly temporary solution, as people dying, children being born, and man's natural tendancy to greed would eventually bring imbalance that forces trade and sharing, which would eventually require management and assistance for fees which in turn would create hoarding, grouping and people starting their own governments that would eventually end up similar to the way things are today?
Reset all you want, the system isn't broken-- we are.
Greed is generally a wonderful thing, Matthew. In order to gain wealth, one must first provide an equitable return. Our technology and first-world perspective of luxury would inevitably lead to desire of genuine compassion and this coupled with a third-world longing for the luxury of the first-world would only lead to success. Given proper outlets that allow people to build their skills -- which would be inevitably opened due to no restrictions on labor -- a wealthier world would be produced.
We are not broken but we are not perfect. We have achieved much over the past few centuries and the median wealth has increased for everybody. The only issue is monetary and economic policy has been centralized in the hands of the few. Wealth creation has been artificially placed into a pie tin. Irrational hoarding is a non-existent issue in a free world where wealth can be created with little effort.
I can only see progress in a hypothetical revamped world. Man is fine. He just has semi-permanent parasites at the moment.