There are two problems with your idea.
First, in a true "community" situation, the parents will have been giving to their community their whole lives. Most of the modern "it takes a ViLlAgE!" parents are entitled mooches looking for handouts; they've rarely lifted a finger for anyone outside of friends and family.
Second, disciplining children used to be a community action. Anyone from the community could chastise a child, or tell the parents and expect the behavior to be corrected. Many modern parents become the defensive "mama bear/papa bear" when someone doesn't worship their child (or worse, is critical of them). They may encourage their childrens' bad behavior, or make excuses for it ("kids will be kids").
TL;DR: Modern 'parenting' is diametrically opposed to "the village"