Goal of economic policy

I am not an economist, although I have taken some university level courses on macroeconomics and political economy. For the most part, I believe a market-driven economy to be desireable, but I also believe there needs to be many interventions (by the government). My understanding of Austrian economics is quite basic, and therefore I would like to ask you a question to understand it better. What should be the goal of economic policy according to you/Austrian economics?

I ask this because it has always seemed to me that in a system lacking regulation, the market will mercilessly favour capital, leading to exponential increase in inequality. In my opinion, this is bad because it disregards the basic needs of many (the lower classes, animals, disabled people, etc.). That is why I believe in a market that is regulated by a constitutional democracy; so that we can ‘steer’ the capital to serve the goals and values of the broader population, rather than simply producing to gain more capital.

I want to repeat that I don’t deny the incredible feats that market competition and capitalism have brought us, but I believe the economy should serve the greater good, rather than capital itself. Please tell me your thoughts!

submitted by /u/Im_Blue_Was_Taken
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