I never understood this line of thought. Economic growth is not a growth of raw material consumption. There has been some correlation but you could imagine a forever growing GDP with shrinking raw material usage without any major problem as long as there is technological or organisational progress.

You can imagine it, but it doesn't track with reality. Economic growth has been synonymous with fast fashion, planned obsolescence, new cars every few years, a new phone every year, more and more meat in our diets, cheap plastic crap and so on - conspicuous consumption.