Seriously, looking upon the current trash world we are in that is dominated by greed and excessiveness; results in wars and tragedies... how could world peace ever be achieve.
This lofty dream might actually be possible (while impossible now) by a single simple new adjustment: a cap on how much a person can earn.
Just like in a game, where a character reaches the max level of 99, there is no longer the obsession in leveling up; no longer the obsession in gathering more money than what they actually really require...
Once man is taken away the need to endless creating excessive wealth for no good reasons; perhaps their vision can be changed to aiding ppl thats in need; contributing resources into meaningful scientific research; developing 3rd world countries that urgently need investments to build their infrastructures.... etc...
If the ultimate goals in life is simply become "level 99" and then become a hero and saviour to the world; ceaseless greed will cease... excessiveness will be redistributed... and the world, a more peaceful and harmonious place.
This is not communism.
I shall name this: Zuism or 足道 (Zu Dao).
足 means Enough/Sufficient, thus 足道 means the Way of Sufficiency.
Disclaimer: This is not a religion, its just a belief that with an end to wealth creation, people will actually contribute in constructive ways for the good of human civilisation.
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