But, we do that now with just about everything and stuff gets produced just fine. People don't slack off because they have a personal investment in their work, no threat of Siberia required. If there's a shortage, people are incentivized to produce because prices go up and it's profitable, no central planning required. Wouldn't you rather have a self organizing, distributed system than one with all kinds of administration overhead and central points of failure and misaligned incentives?

You say you're not advocating it, just explaining it, but can't you see how it's senseless?