profligacy
noun
1. reckless extravagance or wastefulness in the use of resources:
⦅かたく⦆ 浪費(wastefulness)
e.g. the government returned to fiscal profligacy
e.g. count noun : his financial prudence corrected the profligacies of Nero.
2. licentious or dissolute behavior:
放蕩(ほうとう), 遊興.
e.g. the emperor's sexual profligacy
e.g. an era of extreme decadence and profligacy.