I vehemently disagree.

Just like the Real World has police and judges, and just like Roleplaying Games have Dungeon Masters - everything needs an authority to run it.

Anarchy is never a good thing. It may make exploiters and griefers happy but just look at Second life.

Griefers run rampant and are unstopped, DMCA reports for stolen content are ignored - further encouraging copyrights violations, etc.

All that exists because Linden Labs refuses to do anything about it.