In theory perhaps, but every explanation I've heard for how such a society would work has so many holes that they only work for a small subset of real-life case

In theory perhaps, but every explanation I've heard for how such a society would work has so many holes that they only work for a small subset of real-life cases, and wouldn't scale at all. I'm sure it would work great for a small community of up to a couple of hundred carefully selected individuals, but I think anyone who thinks it would work for general society is a bit blinded by their ideology. In the end, the only forms of Government that have worked at scale have centralised governance, and democratic Governments seem to be the least-worst workable systems.