I'll believe it when I see it. Plastics have been around for how long? We still haven't gotten that figured out yet. Recycling is expensive for many types of materials, requires lots of energy and also results in pollutants that are difficult to deal with. I think that glass, paper products, and separated metals are really all that's cost effective to bother with. Historically we've shipped all the other crap to other countries and it's been devastating for communities nearby these recycling centers.
We're not there, and I'm not holding my breath that we will get there. At least in time for there not to be significant consequences.
www.sciencemag.org
In the meantime we're shutting down fossil fuel powered power plants when parts of the country are telling people to severely limit power usage to avoid blackouts. Brilliant.