“For markets to work, people need to know what belongs to whom. Private property is the ownership of physical or financial assets by nongovernment economic actors”. So, at a very basic level, we do need the state; it provides a necessary function that cannot easily be done away with, because we are yet to find that utopia. Its economic roles.
Under its protective banner, we also find a set of macroeconomic goals that form an essential part of the state’s function: the achievement of good living standards for all its citizens, the ensuring of stability and security, sustainability. In terms of living standards, it’s a macroeconomic goal to ensure that people’s living standards improve and become high enough so that they can enjoy long life, enjoy good health, and achieve those things that add meaning to their lives.
As it relates to stability (and security), “A widely accepted macroeconomic goal is the achievement of sufficient economic stability to enable individuals and families to enjoy economic security and to be able to make reasonable predictions about their future.”