The good news is that industrialized nations are recycling more. The bad news is that they are wasting more as well. In most places, recycling can't keep up with higher and higher consumption rates. The problem is that capitalism creates hardened consumers, so even if many buy green, they still buy too much.
The situation is seen as unsustainable by many economists. If everyone in the world consumed like North Americans, for example, we would need the collective resources of five planet Earths, according to a World Wildlife Fund assessment.