“The bigger concern may be that now we have a rapidly growing economy and ample capital, but a failure of the government and society, to allocate it properly.”

Simplified Meaning:

Imagine you have a huge jug of water in a desert, but if you pour it out carelessly, people will still be thirsty. This is similar to a country having lots of money and a fast-growing economy, but if the government and people in charge don't spend or use the money wisely, many problems won't get fixed. For example, they might not be building enough schools, hospitals, or roads that people need. It’s like having lots of ingredients to make a great meal but not knowing how to cook—so in the end, you might still go hungry. Even if there is enough money, if it’s not put into the right places, it won’t help people live better lives. To use a real-life example, a company might have all the funds necessary to grow and innovate, but if they keep investing in the wrong projects, they won't see success. People in charge need to think carefully about where to invest resources. Otherwise, the potential of the economy is wasted. So, it's important for leaders to be smart and careful about how they use the money to benefit everyone.