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That works as long as there are no limits to the system in which you are working. But the real world is very much a closed system and you can't externalize the results of unbounded growth of wealth within that system. There is nothing to externalize to! So unbounded growth equals unbounded pollution, unbounded resource depletion and ultimately the crash when the boundaries of the system start making themselves be noticed.

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Resource intensity of gdp in developed economies has been decreasing over time. That’s because wealth is not a zero sum game that necessarily requires an exterior to take the negative side of the equation. Rather wealth is created when better options are made available- when actors within the system have superior choices to what they had before. That’s why you see some entertainment media produce outsize returns while others end up failing; it’s not a matter of how much resources are consumed but rather how they’re put together to make a better story (better from the consumer perspective versus their alternatives).

That's true but it's a quantitative element that won't make a qualitative difference in the long run, in other words the outcome will be exactly the same, but maybe a bit later.

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