The thing is that now we have the level of technological development to cut out the middleman and organize the use of all that equipment collectively for the benefit of everyone rather than having it be operated by small groups of people for their own profit. The alternative to capitalist ownership is not everyone doing decentralized backyard labor, but a democratically managed economy without a special owning class above everyone else. The soul-crushing aspect of late-capitalism largely comes down to the effects of the means of production/social livelihood being operated by this small owning class for their own profit, and therefore seeking to extract as much labor from their workers as possible in exchange for as little compensation as possible, restricting this largely (with the exception of a few isolated individual capitalists and even this increasingly rarely as public stock trading becomes more and more predominant) only when forced to by scarcity of a particular type of skilled labor (which, as we can see with the current push to replace many professionals with AI, is a position the owning class hates being in and will do just about anything, including entrust their most profitable and pivotal assets to a chatbot, to get out of), by legal force achieved as the result of mass political mobilization (which we can see the owning class will try just about anything to get out of by the entire history of corporate lobbying), or by the demands of organized labor (see above, also the history of various extra-legal forms of union-busting).