It's not necessarily "time wasted". Taking an interest in the social order is a good thing, though "all your free time..." does concern me. Could you find some other interests as well as this one? Maybe daily Mass, the Rosary, and works of charity?
All things in moderation, to be sure, but you might consider going to college and getting a degree in political science, that is, assuming you don't already have one. If it's something you like that much, you might want to make it your life's work. I don't know your circuмstances, just throwing that out there.