I disagree. Profit is why we enjoy what we do today. In the last 300 years, the human standard of living has increased by an order of magnitude, driven largely by inventions and innovations. Practically all of this has come from a few capitalist societies. Inventors tend to gravitate to capitalist governments, because they can see their idea become reality, and they can also realize the greatest personal profit from their idea. In Holland, they refined commercial seaborne transportation into a practical venture, largely because they could profit from it. From the UK came steam power, which led to modern industrial production methods. And, modern banking and insurance, creating a financial structure that stands today. The US has produced the bulk of major innovations in the last 100 years. The airplane, the automobile, electric power, electronics, the semiconductor, the computer, the personal computer, the internet... in many cases, the ideas came from immigrants, who all came here because their idea had the greatest opportunity of succeeding, and the greatest potential for personal profit.
It's the primary reason that socialism looks good in theory, but has trouble in practice. In the absence of personal profit, people just aren't motivated. That's not a political agenda, it's just basic human nature. While one can extol socialist societies for maintaining a standard of living for all, they don't tend to improve it much. One would be hard pressed to point to innovations that improved the human condition, that originated and were made practical in a socialist country. A few, but they pale in comparison to what the profit driven societies have produced. Just compare East Germany to West Germany, North Korea to South Korea, to see good examples of which society has provided a better standard of living for it's people.
Granted, the personal profit driven society has flaws. However, it has yielded the highest general standard of living for the greatest number of people.