"Love is knowing I am everything. Wisdom is knowing I am nothing. My life moves between the two."
If most humans beings got on board with this idea I don't think it would much matter what economic system you contextualized their actions in, capitalist or collectivist. Ultimately both those systems are based on the same religion, which is "individualism", or the idea that human beings are objects of a type similar to things like chairs, computers, or even concepts like "blue" or "stupid", and that we can play with them in the same ways we can play with these objects, with predictable results.
These objects can be considered as a block (collectivism) or separately (Austrian school capitalism), but the idea that there are such objects to be considering at all, that there is any SUBSTANCE to identity, is the assumption behind both. Human beings are not types of objects, they are processes that can be described in various ways, and if we're serious about a notion like species preservation (I'm no moralist; I'm not saying we SHOULD be concerned with preserving ourselves) then we should deliberately make space for ALL, and I mean all, of these competing methods of description. The crippling hypocrisy of modern "liberalism" when it calls for an end to oppression by means of ideological and economic COERCION proves that many do not understand these ideas; tolerance applies on a meta-level that few "liberals" seem to be aware of.
Identity is always a BECOMING; every noun is really a verb. Any ideology therefore concerned with the identity of individuals is always a sleazy underhanded attempt to CONTROL others, to make them stay the same, and be described ONE way over another way, because identities are, in reality, always in flux (this is the Achilles heel of otherwise laudable programs like feminism, or any other "ism" that seeks to describe some object, in this case "females" or "the feminine", without ever examining the premise whether there indeed IS any such object in the first place. To be fair some feminists have noticed this, i.e. the smart ones, and have written about it). And if you're not convinced that literally no human being, ever, anywhere, should HAVE this control over others, for any reason, then I don't think you've internalized enough world history.
Economics is still the slave of ontology. Fix the broken individualist ontology of the west, and you won't even need to fix its economies. If you want to point a finger for the mistake, blame Judaism, Christianity, and all other dualistic western ontologies, including Kant and his intellectual descendants like John Rawls etc.
For the sources of these ideas, check out Alexander Bard, Nietzsche, Nagarjuna, Heidegger, the Vedas, Joseph Campbell, and probably many other thinkers I haven't read or forget about. Long live the enemies of dualism, enemies by extension of capitalism and collectivism alike!