If those governing were held to particular principles, with distinct penalties resulting from ignoring these principles, society as a whole would benefit. Such is human nature. It s a failure to implement and use a control mechanism for those who govern. If you do not hold your leaders to a particular limitation, they will, due to human nature, automatically attempt to extend their power. State control is by nature inefficient because it lacks an efficient incentive mechanism.
Economic efficiency can mean high unemployment or diminished services .
Economic efficiency means that production is at maximum, while cost is at minimum. Unemployed persons cannot purchase goods, hence the company loses, and it is no longer operating efficiently . Economic efficiency in a free market automatically results in lowered costs and a higher standard of living, for everyone, because of the availability of goods and an increase in available cash. Society is a NOUN, a term indicating a localized collection of individuals. You need to add some sort of verb to it that can be efficient - like, productive output, or something like that.