I think the tools to solve the challenges of waste, environmental damage etc. already exist within the framework of capitalism. Mostly they are just unpopular and seen by many as a government overreach.

1. taxes that force corporations and individuals to pay for the negative externalities / social costs of their actions 2. regulation (e.g. stop allowing planned obsolence, mandate the right to repair etc.) 3. government spending into R&D, incentives and subsidies for renewables etc.

Anyway, my point is that the issue is basically one of co-ordination and political will. It obviously doesn't help that many Americans (and Australians too for that matter, where I live) don't accept the basic facts of the situation (before we can even discuss solutions).