The original public broadcasting act was passing in 1967, not long after former FCC Commissioner Newton Minow made his "vast wasteland" speech. What he said then could be said about a lot of TV and radio today. Minow was a consultant on the writing of the act. He said that the greatest country in the world deserves the best broadcasting in the world. That wasn't going to come from companies focused on delivering profits to owners and stockholders. So removing the profit motive seemed like the right thing to do. If all the money is directed to serving the public, you end up with better broadcasting.