Actors acting in their interest to maximize happiness and well-being is the basis of all modern non-Marxist economies, and every metric related to those goals shows that this albeit-non-perfect-system works pretty damn good.
There really isn't any point in rehashing the 160yo Marxism v. Capitalism argument here, I know, but there is almost zero evidence that in a wildly diversified and large society (not Sweden or Denmark, for example), that a government-controlled economy can bring happiness and well-being to its people.