Free energy what does it mean for society?

If someone did development and put into mass production a free energy device, what would that mean for us as a society?

Would it just mean cheap electricity for everyone or would it be something much more?

Would Poverty and hunger be eradicated within a decade and make long term space travel a reality? In short free energy would be a catalyst for change - we would have to undergo a spiritual awakening because it would set us free of resource limitation which has dominated our society for hundreds of years.

Free energy will either set us free of our short term resource based thinking and thus bring us closer to a new spiritual awakening or it will bring us death and destruction.

Only we can decide the fate of how this technology will be used when it becomes a reality.