In other side of world, India has man power and India is wasting man power on agriculture, which is, highly unregulated. The whole agriculture contributing 18% of country's GDP but 60% of population working in agriculture field. So almost 40% of indian people not contributing anything to Indian economy, even though they are working very hard. Here India can waste something since they have lot of man power, as long as everybody getting food. But the problem is future growth of India, India has to convert every people's work directly towards development otherwise we can't achieve projected growth in coming years. But India is always slow in transforming, but once changed, it would be solid and robust.
As compare this two great wastes, money waste is something recoverable and it won't hurt much as compare with man power waste. So if you have something more than enough than what you need, you might waste it since it doesn't matter much now.
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