On the contrary, it's exactly how the market works.
I'll take an extreme example, and you'll see how that turns out.
Take water, or air. Nobody used to pay for clean water, now we do. Nobody pays for air now, but if the profit-based economy keeps polluting to the point air becomes unbreathable, like some part in China, it would be a huge boost for the economy, because people would have to buy oxygens bottles, gas masks and respirators to survive.
Problem with China has more to do with corporations polluting other people's property (air space), and the legal system not being willing to defend them. As for the water example, nobody used to pay for clean water, because until about 100 to 200 years ago we did't have clean water. As for not paying for water at all, we've been paying for water since the dawn of civilization. It was a scarce and expensive thing in the Biblical middle east and other ancient desert cultures.
And how would you change the legal system, if the politicians are paid and corrupted by corporations, whose interest is not to be sustainable, but to be profitable?
To say that this is a problem with the legal system completely ignores that it's the profit based system that drives politics, not the other way round.
The problem is that the interest of those who produce, the corporation in this case, should not be to make a profit, but to maximise the well being of people.
I don't really know how to fix it, other than vote the politicians out, boycott the corporations (like people are doing with BP), and bring mass class-action lawsuits against corporations. But this is actually a problem that's even bigger for TZM: The biggest problem will be that people will always seek profit, and thus, even in a TZM syste, someone will find a way to corrupt politicians to make sure they can have more "needs" than others.
We have become so brainwashed to think that our activities have money has goal, while in fact it should be to maximise the well being. Profit is often an obstacle to that.
How can you believe that, when profit and making money has been behind things like cars, planes, phones, computers, automated robotic machines, drugs and medical treatments, and a whole slew of other things that have taken us out of the dark ages? Are you proposing that the only good "well being" way to live is to work on a farm with 0 technology?
As long as your bottom line is profit and not maximising well being, you'll never solve these two problems.
I think as long as you guys don't realize that seeking profit IS attempting to maximize the well being on oneself and one's stakeholders, you'll just keep wishing for a utopia based on essentially communist ideas, not even understanding what it is you are attacking, or the pitfalls of what you are proposing. After all, corporate profit means that many people/customers who needed things (food, medicine, technology) had their needs fulfilled, that lenders, employees, and all taxes that support the government and social programs are paid, and that there is still enough left (the profit part) to make sure that many people who invested in the company are better off and are able to pay for their needs too.