It has almost nothing to do with raw materials.

Resource consumption is growing, but as economies have long ago shifted to services and advanced products, it's less a part of the equation.

Your mac, your iPhone, your 'Internet' your 'wireless mobile' , your Netflix, your 500 channels - these are all new services which everyone pays for and consume very little 'resources' in the classical sense.

Even as we switched from drip coffee to Lattes, from crappy restaurants to better ones - this does not affect 'resources' so much.