Yep.
I remember seeing a Penn & Teller "Bull$hit" special on recycling.
They were almost apologetic, because they thought that recycling DID make sense.
Nope.
It's a BIG waste of time and money and provides absolutely no "benefit", particularly to mother earth.
You could make a *weak* argument about aluminum cans, as the homeless can pick them up and get some cash.
AFAIK, it is still CHEAPER to make the cans from raw materials than from recycled ones.