In general I agree (and many environmentalists and such undervalue the fact that environmental waste often correlates with wasted money), but I don't think this is a reliable principle. You can always brute force your way though problems, sometimes it's cheaper that way, doesn't mean it's not wasteful.
We are also assuming that economic value means something is good for society. A lot of money is made off of social media, ads, gambling apps, clearly there's demand for it. I don't think that means we can say all those things are good, just off demand alone.
I'm not really talking about banning anything, I just think it should be asked whether this stuff is worth it. We're just two guys on the Internet, it doesn't really matter at the end of the day.