Moving towards Anarchy, better for the society?

Recently my thoughts are, what if we continue to function as a society as is, and slowly take away governance from our civic life. What would happen? Think deeply and thoroughly before deciding to eliminate governmental bodies and organization which might not be impacting our day to day lives.

In reality, do we need elected officials? Is democracy a thing of the past? Can't we live a good live with the essential bueraracy?
Saves us a ton of money! And saves us from all the foolishness goes on the front pages of newspapers would be replaced with substantiative material which would be useful for people. It could even lead up to molding a better society.