Yes. There really is some truth in that campy, old movie.
Notice that Edward G Robinson is the only guy who can read, and he has to pedal a bicycle so that they can see at night.
In the movie, the resource depletion is portrayed as unintentional. It seems, however, that the Elites of the world have embraced the outcome and are trying to push it along through deliberate action.
I think they have used the movie as a blueprint for their one world govenrment agenda