I posted before I read yours. “Good” ideas never die.
I only remembered it because I just bought a Mega-pack of Mack Reynolds stories. It was one of the ideas he loved and hated at the same time.
It’s like so many of the other drug fueled ideas for utopia that these people never outgrew. As one once famously said: “It’s really such a pity that reality keeps interfering with my dreams of utopia.”