Through the computer automatization of industrial processes we also need to make sure that this trend is used to increase the social wellbeing of society by increasing wealth through the eliminating manual jobs and giving people the chance to do more interesting and creative work instead of unemployment. This requires good education and that's why I believe investing into it is perhaps the best investment into the social wellbeing of the future. I also believe that it increases social wellbeing since marginal happiness decreases as income rises. In a market economy important economic decisions are taken every time a consumer makes a choice. This is of particular importance due to the powerful forces of globalization of today.
Poverty is still the root of great suffering in today's world even in the developed countries.
Crime, drug misuse, lack of ambitions and low standards of education are all problems which are largely caused by poverty. In light of this society must guarantee everyone a minimum income that is large enough to combat poverty effectively. The BSP should be increased according to national economic growth. Along with combating poverty the BSP would combat financial dependence which is a large problem in many families and relationships. Farming and mining subsidies must be phased out since it is not right to use taxpayers money to distort the market in these instances.