Biggest problem? World hunger,
Although we could probably fix it quite easily (remove the price-roof on the world market so there'll be an incentive for people in poor countries to grow their own food, for example. At the moment they lose money by growing food, since it's cheaper to buy it from the world market due to an artificial price roof. Noone wants to buy the local farmers' food either, for the exact same reason. Too expensive. So the solution to that particular problem is removing the price roof and putting the money they used to spend there into funds for local farmers in poor areas. Man, this was a long paranthesis)
Still, in its current state, it's a big problem.
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