pantisocracy

/ˌpæntɪˈsɑkrəsi/
noun
  1. A utopian society in which all members are equal and share in governing.
    • Their plan for a pantisocracy fell apart when disagreements arose about daily chores.
    • In a pantisocracy, no one holds more power than anyone else.
    • The poet Coleridge once dreamed of founding a pantisocracy in America.