The problem with Anarchy (in history) is that it quickly degenerates into chaos, a dog eat dog world where the biggest dog eats everybody. If there is no regulation who will disallow it?
Maybe some time in the future when we all live in utopian empathy-altruiarian societies this system may work, but probably not before then.
Don't cry, don't regret and don't blame
Weak find the whip, willing find freedom
Towards the sun, carry your name
In warm hands you are given
Ask the wind for the way
Uncertainty's gone, your path will unravel
Accept all as it is and do not blame
God or the Devil
~Born to Live - Mavrik~