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In this situation a government would merely print off the money, buy the capital and equipment necessary to start a company, produce widgets, and (assuming it's an efficient widget company) all profits would go back to paying single moms to breed more bastards as they get their Masters in Health Administration degrees.There's just a couple problems that will more or less ensure this leftist-whetting utopia doesn't ever manifest. The whole point of communism is to make everything "free." This not only means charging nothing for the ultimate good or service produced, but overpaying employees because, well we all need a living wage!

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This results in not so much lazy, but unincentivized people which are a hallmark of government workers. But imagine if the incompetent fuckery going on at the DMV.... Have fun shopping at Best Buy as you wait in line to get your government issued computer.This naive (albeit) kindness dooms nearly every communist/government company to being inefficient.It's why Byte failed, it's why Bartertown failed, it's why the Soviet Union failed.But what really irks most people is that insurance companies... They put their time, money, and risk into the venture, so you're damn right they're going to charge more than they pay out.But while you may detest that profit, if it wasn't there, then there would be no insurance at all.It's estimated that nearly 80% more people online are looking for dating hookup sites than ones who are looking for traditional dating sites.

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In making things free (and paying your employees more than they produce) you ensure your companies/system are inefficient forever needing more infusions of cash to balance your books.

Bailing out the occasional pizza store is one thing, but when you're entire economy is government owned and inefficient, you need to print off trillions which only causes hyper-inflation, and ultimately never increases production. Without somebody nipping at your heels and threatening to take away your profit, you have no incentive to work harder, better, faster, or stronger.

And let's ignore practically everything about North Korea. Is there a way to replace profit with a socialist model where the government provides the capital or resources and profits are either retained in government coffers or redistributed amongst the workers (which explains why former communist workers are so rich).

Does there need to be the incentive for profit, or can a government company merely be efficient and produce the goods and services in the variations and amounts necessary to sustain (forget satisfy) an entire society?

Also, whereas most non-leftists may intuitively know why profit is necessary for a company to survive, one might wonder if the socialists might possibly be right in some obscure philosophical way. A Euro will buy a dentist's services to repair your teeth.