What I remember is that most people feel bad about throwing stuff away, so a big part of the recycling movement is based around guilt rather than facts. The slogan "Reduce, Reuse, Recycle" is in that order for a reason. Reducing the amount of what you use and reusing what you have is much more important and effective in helping the environment than recycling. Also putting things in a landfill really isn't really a problem. Landfills don't take up a significant amount of space, and when regulated and managed properly they aren't bad for the environment.
As for the economics of recycling:
* Recycling paper is a terrible idea. It takes a lot more chemicals, fuel and labor to recycle paper than produce new paper from trees (and it's a much lower quality product). Also, landfills are able to capture and sell the methane produced from paper as it decomposes, so it makes a lot more economical and environmental sense to just throw it away.
* Recycling glass can be economical depending on the cost of natural gas because the melting point of glass is slightly lower than raw silica. Unfortunately recycling adds cost because of the sorting and cleaning.
* Some plastics can't be made from recycled materials, and even when they can be, the economics of it depends on the cost of crude oil and natural gas. Prices for gas and oil fluctuate a lot, so it's risky for companies to be in the business of processing plastic back into feedstock because they don't know whether they will be able to sell it at or above cost at the time they're buying materials.
* Aluminum is really the only commonly recycled material that makes 100% economic sense. It's really expensive to produce from ore, and cheap produce from recycled materials.
EDIT: Found the episode here - https://www.bitchute.com/video/j0Hd6UfA4MKo/