This notion is idealistic and appeals to people who have been burned by bureaucracies, but it denies the important functions that good management provides in setting priorities and coordinating work.
I once saw a case where a team switched managers and the team's output nearly doubled. Was the team suddenly better engineers? No. They were a fine team, but the manager worked to get everyone on the same page and ensure that their work was connected in a way that it had a multiplicative effect. Rather than everyone working on isolated projects, the projects leveraged each other to be much more valuable.