A capitalistic ideology is necessary to incentivize people to compete and produce "the best they can."

I disagree with that. When you are doing what you are truly passionate about, you will do exactly what feels good to you and just because you enjoy doing it. That is the balanced way that has been mostly lost on Earth while so many strive to 'be the best' in a subjective arena which typically lacks the loving bond that society needs to both be optimal and peaceful. The idea that capitalism is the only way that people will create things is not really one that is supported by the lived experience by the most creative people - it is more of an idea perpetuated by those who are less creative and who seek to exploit creativity in others.

I prefer to fuel co-operation than competition and I prefer peace than conflict.