Effect of a nonprofit market?

[Pat]

This is an interesting question.
Where did you get it?

I don't agree with the other guy.
Yes, SOME people would lose incentive - the greedy and selfish ones.
But many more would rise to the challenge to create a better, more stable and equitable society.

Instead of having a selfish, profit-based mindset drilled into them from birth, children would grow up with a cooperative nature, and would be willing to live and work that way.

we would have to change the laws that define "nonprofit".
As they stand now, restaurants, most stores, airlines, car companies, banks, insurance companies, and most other businesses would cease to exist because they don't meet the legal definition.

That would abolish tens of millions of jobs.
And we would have to do without all of those services.
Would the nonprofits be able to handle the increased demand?
Would government's role in social services remain the same?

You're assuming "no corruption", but there is another assumption.
You're assuming that "nonprofit" means that there's no money left over, that all expenses must equal all revenues.
That is not the case.
MOST nonprofits have money left over at the end of the year.
Instead of "profit", it's called a "fund balance".
And they are required to use it for the organization's purposes. They can give staff bonuses or raises, buy new equipment, or expand their services, or save it for emergencies.
Most organizations do a combination of those things, depending on how much the fund balance is.

How would your new society treat that money?

And what is this "obvious freedom restriction" that you're assuming?

Business profits fund about half of all nonprofit activities.
How would you replace that lost revenue?

This is way too much for my brain at this hour of the night.

By the way, I have been a staff, manager, board member, board president, lobbyist, and consultant for nonprofits for 30 years.