In time, those that squander capital will be penalised for doing so.
If an economy has squandered capital on misguided ventures, leaving its people worse off than they thought, why should so many of them stand idle?
On top of that, BMC's margins were lower than those at bigger peers, and management had squandered capital on acquisitions in an attempt to stay relevant.
This "lending landmark", as Mr Batson calls it, is a welcome moment: China's savings are far better entrusted to private borrowers than to SOEs, which often squander capital pursuing prestige projects in sheltered markets.
These cases typically involving members of the aristocracy who had, as historian Richard Andrews notes, "rejected parental authority, disgraced the family reputation, manifested mental derangement, squandered capital or violated professional codes".
Winning a vote in Congress will mean squandering political capital and twisting Democratic arms – all in pursuit of a military strategy that will, by the White House's own admission, do little to stop the bloodletting in Syria.
By squandering "social capital" in the individualistic pursuit of greater wealth, or treating social networks as incidental, are we neglecting a part of life that makes us happy and keeps us healthy for longer?
Angela Merkel, the German chancellor, is loath to squander political capital at home by backing an Italian for the job.
Nor would they have squandered political capital on grand, rhetorical projects that raised public suspicions, such as the failed EU constitution.Consider the case of nuclear energy.
It would also raise the question of whether Mr. Obama squandered political capital by focusing so much on health care at a time of rising unemployment.
