Agreed. Value Creation is a better word. Idea world is to have everyone getting rid off the necessary of repetitive work (of course he can still do it if he wants) and everyone is motivated to create value, in one way or another, and people generally don't say things like "Hey because I build rockets/control banks I should have a much more lucrative life than the rest of you guys".

If we look at history, most of the stuffs that improve human civilization were indeed funded by "VC" of the time, but the core motive is not to earn profit, but to solve problems and satisfy personal interest. Now if you can remove VC from the picture, you pretty much get a society in which everyone is automatically doing things that are beneficial to the collective. Anyone who wants to just be super lazy will get bored easily and will start doing things sooner or later, especially when all of his friends are creating value.

Sounds familiar somehow.