For smaller valuables, like electronic devices, you may want to skip insurance if you can afford to replace them, because paying for coverage you might never use can be a waste of money.
If you don't work in one of the relevant industries, your experience of such projects is likely to be limited to complaining about traffic jams and wasted money (Chelsea).
But even if you accept Friedman's premise and regard corporate social responsibility(CSR) policies as a waste of shareholders's money, things may not be absolutely clear-cut.
But the jury is still out on whether they're a waste of money as many experts believed if they improve brain plasticity, the organ's ability to learn new skills and adopt to its environment, even as we get older.