Why optimize for efficiency though? Why not human flourishing or planetary health, whichever way you wish to define that?
Efficiency sounds to me like an absolutely awful way to run any society as it's what turns individuals into disposable cogs of a machine that needs to be operated smoothly because, well, no obvious reason other than a fetish to see the machine run smoothly, no matter the human cost.
Technocracy, and the doctrine of materialism, sees humans as machines.