@HalvarFlake Yes, on some levels, but also no? Like, it very much depends on where you live, but in most European countries, recycling actually works, and works quite well.
Glass, for example. Aluminium. Paper and cardboard. Quite a few plastics. Recovery of precious metals from electronics is competitive. And so on.
The biggest problem, at least for plastics recycling, which is what people mostly refer to when they say that recycling doesn't work, is that virgin plastics are too cheap, and thus the market for recycled craters every time oil prices go down.
But that is slowly also being adressed through legislation.