Consumption is necessary (as a mean) in all systems but it's not fomented as it is in capitalism. In advanced capitalistic societies comsumption exists mostly to feed the system and this over consumption doesn't seem to correlate to extra life quality.
If not consumption as the final purchase of goods and services by individuals is the goal (not a mean), then what is the goal?
Since the system is made of people producing goods and services for other people to enjoy (consume) what is the problem with feeding the system itself?
Absolutely, some sorts of production are destructive in excess of the consumption value of the goods produced, but most certainly aren't, so I don't see how that indictes the system as a whole.
In my opinion the goal should be the well-being of society and consumption should be just a mean to achieve it. After some level, consumption doesn't seem to correlate with well-being, becoming just a waste of resources that could be allocated more efficiently having in mind this optimization towards the well-being of society.
The problem, IMHO, happens when we don't 'fuel' the capitalistic 'society engine' with more and more consumption, strange things seem to happen: the 'engine' stiffs.