More broadly I would say that many people believe the current system actually does not serve people well. We have a very small portion of the society that owns the means of production and 99 percent of the population have to deal with the dictums of those owners with very little say in how production is allocated. This leads to a world where the output is heavily slanted towards the ownership class while everyone else is fighting for scraps. A world with community ownership of the means of production would mean MUCH more wealth for the average person, so concerns over resource allocation would be less of a concern.
The point anyway is that in the current system I certainly don’t get to decide what my “level” is beyond trying to work hard, but in a community ownership model I would have much more say.
As you have said we have been trying different value systems for thousands of years. No reason to believe attempts to improve the system should not continue.