In peace-time economy waste acts as a motor for the industry. Fiscal regulations make expenses deductible from profits. Thus companies are encouraged to go through a never-ending cycle of renewal of installations, machinery, buildings, furnishings and the like in order to make full use of tax deductions.
This shameful wasting process, ironically, creates jobs and keeps the economy buoyant, irregardless of it acting as a drain on resources, some of which will be exhausted in this century. Moreover it causes further energy dissipation and environmental pollution.
One wonders why these finite raw materials are not being taxed higher than the factor labour. More expensive raw materials and cheaper labour should solve some problems.
Another aspect is that developing countries are not paid adequately for their raw materials and produce causing inadequate income and poverty of their masses.