Misallocation of Resources - A Few Real World Examples

Arms Buildup in Asia
A worrisome trend (and potentially a massive misallocation of limited resources) –

http://www.bloomberg.com/graphics/2016-shangrila/

Taxpayers wasted billions of dollars on a war on cocaine that didn’t work, economists say by Christopher Ingraham

https://www.washingtonpost.com/news/wonk/wp/2016/05/31/taxpayers-wasted-billions-on-a-war-on-cocaine-that-didnt-work-economists-say/

“American taxpayers got a dismal return on their $4.3 billion investment in the Colombian drug war between 2000 and 2o08, according to a new analysis by economists at MIT and Colombia's Universidad de los Andes.”