That's not a problem. We already have too much shit for the good of the planet and for the good of our sanity. We should focus on quality, not innovation of more gadgetry.
Considering diseases for example, we could save hundreds of millions with spreading existing drugs and techniques, and give many years or longevity to billions with access to water and food and vaccines, etc, than what we'll "might" do with some (diminishing returns) cutting edge drug research.
We know how to cure lots of diseases people all over the world suffer from, and we don't do it. It takes a lot of hypocrisy to say we need more "growth" and "innovation" to help them.