Within the context of capitalism, I would be fine with it, iff they were talking about investing into relevant infrastructure, desalination plants, and so on. But, they're not.

This entire global economic system is built on unsustainability. Endless profits from a context of shrinking GDP growth, ballooning debt, and a billionaire class that knows it is unsustainable so they are using power to maximize what they can squeeze out of it while they can.

Bronze age collapse vibes.