From a purely economic point of view, any time it has the word "universal" in it, you're really just looking at a wealth redistribution scheme. These ultimately never work and usually lead to inflation problems.
From a religious point of view, this is what happens when God is replaced by government. Instead of heading the call to be your brother's keeper and take care of the orphans and widows, we are coerced via taxation and those revenues are dismantled through government machinations.
Not all wealth is generated by people and not all wealth is "redistributed" because new wealth gets created. At a minimum each new person in a society adds wealth. And then there is land, there are the non-human animals like cats and dogs, all adding wealth as well. Just because you don't account for it doesn't mean it's not a value exchange.
Thank-you for pointing out the absolute failure of religion in modernity!
I would take the literal interpretation of The Book of Acts as far as how to run an economy (directly espoused by God himself)......A sharing economy!
Take a look at Distributism. Like all economic theory it is very idealistic but in line with Catholic Christian teaching. Chesterton was a major contributor.
Yes, I'm fairly well versed in Social Credit theory which was and is a very good idea. FWIW: it looks to me like someone has intentionally set out to destroy these ideas! A hint would be that Ayn Rand was used to replace Adam Smith's ideas, but Christianity and it's culture have more than one enemy so it isn't one group of people involved in this 'overthrow' of ideas on how society should be run. Muslims have their views which are somewhat antithetical so Christian culture as do atheists who have embraced fiat/fractional systems.
You should probably know that I believe it was The Catholic Church who codified the idea that the Torah Gd was The Christ's father; I do not believe this to be so.....
No way you say? Then take a look at the 1000 year reign in Revelation. Indeed, a cooperative sharing economy. Now why would Gd put inbetween those two sharing models a predatory capitalist system and why would 'his people' declare the predatory capitalist system to be the correct system when clearly Gd says that it is evil that rules this particular age?
Or, maybe the church in The Book of Acts was evil? Or, maybe the believers and their Messiah in the 1000 year reign are evil? Or, maybe it's this present age with its present financial models that are evil?