I guess you would've rejected a plain to build airplanes in the early 1900s as a monumental waste of money? After all, why advance when what we have works right??? We could get off our lazy dumb asses and invest in alternative energy that would help us all, but hey - that would be way too forward thinking for your tastes.  And China and India won't have to eat us for lunch, we'll already have used up all our resources and be begging like babies for theirs.