... efficient use of development time ...
That is the reason, why Python counts (not only references). Python has many very good libraries, is a good OOP language, easy to learn, but still very, very powerful. You can express in Python some things in a single line, where you need hundreds of lines in C++ or other languages.The few percent of running speed that you might loose, are neglect-able in most cases against the win in development speed.
In many applications you don't need the full CPU power, but often times you are hindered by e.g. the disk speed or other factors ... and than you don't lose anything when you are a little bit slower in some minor tasks.