What fucking bullshit.
Profit is a goddamn lie. It's MY FUCKING LABOR, anything bit returned to me and the crew after operating costs are covered is stolen wages.
Profit IS rent seeking, and requires that actual progress of the community be violently suppressed. People with an honest desire to help the community are forced to accept exploitative conditions that enable this theft, otherwise you starve and die.
Nothing good has ever, or will ever, come from the system you describe, since it CAUSES every god damn problem that it supposedly fixes. resulting in a vicious cycle of pain and more pain and nothing else.