You know, waste, the common definition:
I ate half my dinner and threw it away instead of putting it in a tupper-ware.
I wasted food. (There are starving people in x country)
I malloc a gigabyte of memory and don't do anything with it.
I wasted memory. (but you should see what a memory hog Photoshop is, it hardly matters).
I cut down a bunch of trees, and turn them into paper.
I then put the paper in a big pile and don't do anything with it.
I wasted paper. (I had to cut down more trees, instead of reusing the ones I already cut down).
I turned that into waste, which need not be.
How does economic cost-benefit analysis and share-holder value even factor into this? The fact is that we have the technology to do this, it reduces our need to cut down and process timbre, and reduces environmental impact of our consumption (and in doing so helps survival of future generations). 'The market' is incredibly short sighted in terms of planning for our future. Ethically, we should conserve resources.