I can imagine that, and I can imagine a world with much less booms and busts. I can even imagine a world in which even less are poor. And with poor I mean such that may die for reasons like lacking shelter and food. I can imagine a world in which people are wealthy, wealthy enough to not have any social welfare at all. I can imagine a world in which there are not even any nations any more.
And I can imagine a world without professional politicians, bound just by one thing. Be the “rulers”