I think you're right to criticise capitalism's approach to so called externalities. It's a convenience to not treat limited resources as depreciating assets, for the purposes of competitive advantage. And near space is a limited resource. As are oceans and accessible space and atmosphere and so on.

The normal solution is a market based allowance cap, An example from another resource area are carbon taxes that give pricing to carbon.

Pointing out that accounting rules don't correctly price scarcity is not really a criticism of capitalism per se.