My aunt's first microwave cost a fortune in the early 70s - a month's salary, easy.
I can buy one at Wal-Mart today for $60.
If we all switched, tomorrow, to using long-lived appliances and goods, we'd pay higher costs for _new_ manufactured goods because their a whole lot of their inputs comes from recycled material.
Example: a metal foundry in my home town makes a whole lot of man-hole covers (and like goods). They exclusively use recycled metal. The car that I scrapped last week could be part of a manhole cover next month!
Truthfully, I'm not sure if I'm happy or sad being the catalyst of that wheel.
There is this: the toys we're making now are more efficient, easier on the environment, produce less waste in manufacturing and operation, and are even easier to part out for recycling.
By all means, keep driving that '57 Chevy around. But you're better off, and _we_ are better off, if you drive a late-model car.