Post
Topic
Board Economics
Re: People are not motivated by money.
by
jaysabi
on 22/09/2018, 15:47:25 UTC
I always hear the argument for capitalism "B bb BUT people won't innovate without the profit motive" WRONG

Humans want to solve problems, create, and innovate, they do not need money to motivate them.  Cavemen were painting art 20,000 years ago without the desire of money.

True scientists like Tesla, he didn't care about money it was about the pursuit of science.

Capitalism does not cause innovation, most new technology is found by government programs like nasa (internet, smartphones, etc)

This is horribly misguided. Humans want to solve problems, create and innovate, yes. But it is the profit motive directs and focuses that innate drive into the most efficient and productive manner. As long as money has been a concept, it has always driven activity and informed decision-making. It wasn't until money that humankind started advancing as a society. It was trade and economic activity (the pursuit of wealth) that advanced society faster and faster. To maintain we would have achieved the advancement of our society without the concept of money is naive.