you remove profit motive in any sense, how can a group allocate resources effectively or incentivize work?
Empirical response: How did the soviet economy grow 50 percent during the Great depression?
Theory based response: when you remove profit seeking workers are no longer alienated from their labor, as the harder they work the more it benefits them and their community and not some rich fuck.
If I’m working a job now, what incentive do I have to be as productive as possible? The potential for promotion? If I wanted to optimize my chances for that, I’d be more interested in learning to be a kissass than to improve my work.
Price/profit margin signal more than just greed. The market self corrects based on prices.
Price is a very low information density signal. It isnt actually rational to do economic planning (as all firms do in market economies) off of price, why do you think non-hostile corporate espionage is a thing?