People will not be stripped of the fruits of their labour, as it will be entirely up to them if they want to work to give their product to the community or to keep it for themselves, it will be up to them if they want to work in a group or alone. There's nothing wrong about that as long as they don't try to gain some economic domination over others. And unlike in capitalism, workers will not be alienated from their products because they can keep it for themselves or watch the benefits it brings to the community.
Capitalism can hardly be called a system of volunatry co-operation. I think I've brushed on this point before, but do you really think the masses of foreign labour in countries with smaller economies work in sweatshops for a pittance, barely enough to live on, because they really enjoy their work, or because they want to survive?
The same prinicple goes for billions of wage slaves around the world. The majority of workers don't work because they enjoy it, they work because they have to survive, and given the choice to continue working in a crap job or live the rest of their life comfortably without having to work for a wage - I know the majority of the world's population would choose the former. The small minority of people who do enjoy their work and have a job they do enjoy did not get to that point just by 'working hard', they had a massive does of luck as well. Are you telling me that a child in the slums of India who dreams of being an astronaut has a chance? Of course not. And it is not because the child is somehow 'unworthy' of becoming one, it's because of the economic and social inequalities created by capitalism.
Socialism is the concept of united humanity in its struggle for survival, not by fighting amongst each other, but by voluntarily co-operating with one another to make real progress. All else is barbarism.
Funny, how you bring up third world sweatshops, seeing as how everyone has to work (something that not even your flawed system would change) they still are there voluntarily, they could just as easily work anywhere else they want.
As far as your ignorance about Socialism being the concept of a united humanity, that's a joke. Socialism is an effort by thieves like you to screw over those that by thrift, savings and perseverance managed to accumulate wealth. It is not a system that rewards hard work, but one that punishes it.
Regardless of how "good" your ideology sounds, it fails in the real world, because it will either be implemented by a government full of corrupt bureaucrats that are the sycophantic pawns of entities like the banks in which case the public will see itself stolen from under the disguise of it being for their "benefit."
The theft of public moneys for private interests is not in the public's benefit. The idea that a man is his brother's keeper is ludicrous if you are not going to empower individuals from ensuring that other people do not act in a stupid, ignorant, retarded fashion. You can not bind a free man to others and still state that he is free. It doesn't work, if you bind him through rhetoric and force him to feel "obligated" to help others you have used fraudulent means to enslave him.
And regardless of your beliefs capitalism is a voluntary system, clearly those people that work in sweatshops have a choice in their employment, and they made a choice to work in the sweatshops instead of any other form of labor, and then your automatically assuming that their pay is a pittance, but often what they are paid by a multinational beats what they would be paid by a domestic company, and does not appear to be a pittance to them, because the purchasing power of their pay is much greater.
Hollow rhetoric, ignorance, and gross stupidity, those are the coins of socialism and those that follow it. I have yet to hear any justification for the system of slavery that you are proposing, because it is still, make no mistake about this, a SYSTEM OF SLAVERY.
You are refusing to grant individuals the choice to make their own destiny, and arguing for a return to cottage industry. While such a thing would guarantee more employment, it would also end up causing more harm than good, because of the vast amount of competition that would result. Instead of hourly pay, people would be reduced to getting paid by the piece, which once again favors those natural leaders and entrepreneurs that are capable of using their intelligence and capacity for planning to find better ways of producing goods.
And if you are truly hell-bent on preventing the formation of corporations, then it is clear you are going to have a tyrannical government or a tyrannical bureaucracy to enforce your absurd laws that violate the freedom of association between people. Once again we are back to your system relying upon FORCE, FRAUD and COERCION, and thus revealing itself to be nothing more than a SYSTEM OF SLAVERY.
Umm wait a minute, there's no permission required. 
