Do we actually need monetary incentives to get people to create new things. Won't people naturally keep creating new things as long as they aren't constrained b

Do we actually need monetary incentives to get people to create new things. Won't people naturally keep creating new things as long as they aren't constrained by a more fundamental need? So we really just need to create a society where nobody has to worry about their basic needs like housing, food, healthcare, etc...and then people are free to create and are even free to fail while doing so.