I think the available libraries, tools, examples, and communities completely trumps the paradigm these days. For example, ML (or whatever) might be the ultimate all-purpose programming language but if you can't get any good libraries for what you are doing you're screwed.
For example, if you're making a video game, there are more good code examples and SDKs in C++, so you're probably better off with that. For a small web application, there are some great Python, PHP, and Ruby frameworks that'll get you off and running very quickly. Java is a great choice for larger projects because of the compile-time checking and enterprise libraries and platforms.
It used to be the case that the standard libraries for different languages were pretty small and easily replicated - C, C++, Assembler, ML, LISP, etc.. came with the basics, but tended to chicken out when it came to standardizing on things like network communications, encryption, graphics, data file formats (including XML), even basic data structures like balanced trees and hashtables were left out!
Modern languages like Python, PHP, Ruby, and Java now come with a far more decent standard library and have many good third party libraries you can easily use, thanks in great part to their adoption of namespaces to keep libraries from colliding with one another, and garbage collection to standardize the memory management schemes of the libraries.