That said I think it's a utopia and as such (just like many other anarchistic strains) in line with some of 'utopia's defintions it is impractical/impossible bs.

The nature of the reward matters, not everything is about wealth and money. Many geniuses are still willingly working in public labs for a fraction of what they'd earn in a corporate or startup.

how do you "redistribute" wikipedia, creative commons, public domain, F/LOSS software? are all these domains a "race to the bottom of effort?"

you don't need to, it's already collectively publicly owned.

your perspective is terribly closed-minded. spend more time imagining something else other than assuming the predominant ideology is all that will ever exist and appealing to some fake "natural" order.

Kinda the same implementation though if you don't count boring social democrats to the block. It is probably fundamentally a really really bad idea with authoritarian rule and a central planning system, which is not self correcting and where the authoritarian regime won't admit errors or faults.

I wonder why coop corporations are not more common. They are essentially "socialist" on a micro scale. There have to be some big drawback.

I think agile has alot of these problems. In most environment it fails due to about the same reasons as it is a authoritarian ideology in practice.