Maybe I'm a simple person, but what you and other people who subscribe to this idea think seems to just be another brand of libertarianism. And libertarianism (by the US definition) is basically just edge-lord politics: if something isn't personally important to me then why does a government need to provide it?
In this world free of geography, who exactly is responsible for keep all of the geographically constrained plumbing in operation while you recline at your desk and enjoy the digital porcelain? And would a board of corporate overlords owning your patch of land really serve you better than a council of local representatives?