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)
I disagree with you on this as it is not so in the country/area where I come from; the developing countries. Their main aim is to get profit and amassing of wealth for their generations yet unborn. Meeting a need can be part of the aims and objectives but soon, it is being changed and selfishness sets in and all they know and want is profit over meeting quality And quantitative needs.