While I totally agree with your points about capitalism, I feel we can't exactly go back. We can go forward in a more efficient direction with what we are currently doing, but I think everybody knows that tech companies aren't going to do that.
The whole thing with releasing a new graphics card every two years, is just like releasing a phone every year. Its psychological Obsolescence, making you think that what you got right now isn't enough, because it isn't the shiny new thing.
That in addition to not prioritizing durability and energy efficiency in design is the cause of our e waste crisis imo.
We should probably stop with that immediately, and start developing some better less expendable hardware. Or else we might not have any Hardware soon.
So my standpoint is more like, Technology isn't the problem, Capitalism is.