Yes, it is a fallacy because the problem is with the economy system as opposed to a specific technology. The liberal tendency often defaults to a form of procedural opposition such as voting against, boycotting, or attempting to regulate a problem out of existence without seizing the means to effect meaningful change. It's an idealist mindset that mistakes symbolic resistance for tangible action. Capitalism is a a system based around consumption, and it will continue to use up resources at an accelerating rate regardless of what specific technology is driving the consumption.