The problem is not simply that capitalism produces too much, but that it produces the wrong stuff: SUVs, fast fashion and planned obsolescence instead of public transit, affordable housing and universal healthcare. It overuses resources and still fails to meet even basic needs.
From 1982 to 2017, the US lost about 68,000 square miles of land to development, the vast majority of it to suburban & exurban areas dependent on cars.
Our development patters are eating us, and our environment alive. We have to build more efficiently, and sustainably.