Honestly, you need to level up your argumentation. No material is (except in form of waste) converted to anything abstract without an intrinsic value. Capitalis

Honestly, you need to level up your argumentation. No material is (except in form of waste) converted to anything abstract without an intrinsic value. Capitalism generally reduces waste. What happens though, is that material is turned into products which a lot of people find useful/desirable. This problem is a problem, but it is a much harder problem to 'solve' than the one you are claiming.