Who is "us"? Because in capitalism, only people with capital get to decide what has value.

The values of the poor are not reflected. The values of the indigenous are not reflected. The values of the non-capitalist are not reflected. The value of the unborn is not reflected. The value of nature is not reflected.

The glacier doesn't participate in the market and neither does the river. Are they without value?

> As if this never happened before capitalism?

That's correct. Look at the graph I posted above, you'll notice that things weren't always this hot. Before capitalism they sure weren't.