Entrepreneurs

Quora Answer : Profit is the motor of capitalism. What would it be under socialism?

Sep 29, 2017

Is profit the motor of capitalism?

I'm sure Elon Musk, Steve Jobs and Bill Gates would be surprised.

I mean, clearly, they wouldn't want to make a loss. And having money enough to live on and grow their business to pursue their dreams is important.

But the best entrepreneurs aren't primarily motivated by extracting a profit. They want to do something cool and make a difference.

Changing the world, representing their values, these are what really drive people to build businesses. Even capitalists are human at the end of the day.

Under socialism I'd expect that human desire to do cool things, make a difference and remake the world would continue to be the motor that pulls us forward.