For every potential startup founder who will only work on their problem if they can get paid, there are IMO 100 people who will work on a problem because they care about solving it. I don't think we would lose much if those motivated only by profit had less incentive. And keep in mind they would still have first mover advantage. Plus huge companies often don't care about little corners of the market, and there is lots of room for companies to serve market needs the bigger companies are ignoring. But if another company wants to compete and they can actually do a better job? We are hurting society if we restrict their ability to do that.
[1] https://www.mmegi.bw/features/the-neoliberal-plague-aids-and...