If a house can be valued at $4,000 one year, and $40,000 a few decades later, and $200,0000 a few decades later, what's the reason that "value" can't keep increasing eternally? There's obviously no real substance to "the value" of a thing, only people's interpretation and desire for it, and there's plenty of "value" where there is no physical substance at all, like exclusivity, or emotional content of art, or novelty of experience. What math tells you there is anything which can be full or supplies run out?

https://bollocks2012.wordpress.com/2013/04/22/the-greatest-s...

I was more thinking of the near-term future of resource scarcity, to make the point that "value" doesn't run out just because gold or oil extraction from the Earth runs out; people value intangible things and the economy runs on that being real value.

Recycling exists; Planet Earth has been doing it with organic matter for a couple of billion years without running out.

And you're ignoring that we're talking about growth capitalism here. Here if recycling were perfect, if growth continues indefinitely then a point will inevitably be reached where demand exceeds the amount of supply that exists, recycling or not.