I'll nominate the Falklands war as being a pointless waste of life.
The war was fought because the Argentinian Junta wanted to rally political support around them, and ended up getting 655 Argentinians and 236 Brits killed. Not as pointless as WW1, but still resulted in unescesary (sp) loss of life over a few small islands inhabited by less than 2000 people.
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