First of all, if everyone has to constantly battle for their supplies a la Hunger Games (battle royale), we will be aiding natural selection. We will weed out those who are incapable of providing for their own, and thus we shall grow into a super breed of capable beings. Our instincts shall be sharpened, our muscles will ripple (making everyone equally attractive and destroying the lure of the personal-image damaging media), and we shall become creatures forged from intelligence itself. Classes will be eliminated, as everyone will be on equal footing, and welfare will be unnecessary - and will become another expense saved by eliminating all forms of economy. Vendors and business people who can't stomach the violence that will have been incited, at least at the beginning, will simply stop producing things for people to grab at, and everyone will return to a mode of subsistence farming, hunting and gathering, and bartering with each other. Within a few years, peace will be restored.
A lack of economy will also eliminate the crutches that paper money has provided us. People who have no reason to purchase also have no reason (and nothing) to borrow from banks or other people. No one can spiral into crippling debt if they have nothing to owe and no way to put themselves into that situation. Thieves will be constantly thwarted when their larceny is a mockery, and they will not be incarcerated - just another group of people we won't have to try to upkeep jails for. We won't have to borrow money from China, because their gold will have been rendered superfluous. This will also make us more appealing to other countries and will inspire more innate worldwide goodwill because as we have nothing that we need from them to continue to survive, they will feel more at peace with our existence, and will be more willing to open their arms to us and give us things for free - or possibly in exchange for our super human talents.
All in all, the complete and total elimination of an economy could only be to our benefit, and if our economy does not revive itself then it may be our only option.
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