What Makes Us Happier? Government or Free Market?

 

In view of the prevailing debates on the upcoming U.S. Presidential Election, I thought this question would be of interest.

Roughly, Democrat would say the former, and Republican the later.

Big data from around the world however point to a single, clear answer.   And that is certain [government] interventions in the market can improve human happiness.

Out of the three most important factors for happiness – social support, income security and health – the latter two can be most directly influenced by governmental policy.

[Source: What Makes Us Happier? Government or the Free Market?]

I suppose that absolute free market would be too risky/ chaotic for human taste. Just look at the past financial crises from market failures around the world as case in point.

What is your thought? Is there another answer?

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