To me, a long-time sci-fi reader but hardly a hardcore space nut, your argument reads a little like "I don't understand why people are discussing horseless carriages, I mean what would the street sweepers do without all the manure to clean up?".
In other words, a functioning space elevator would be grand, epic and useful in ways that make the potential loss of some satellite orbits look like a very minor detail. At least that's my take. Too bad about the materials science not doing its part, huh. :)
No, a better comparison would be "why people discuss antigravity sleds". Space elevator could have uses, if it wouldn't conflict with reality about as much as antigravity sleds, levitating a meter above the road, are.
Horseless carriages in this comparison are rockets.
In other words, a functioning space elevator would be grand, epic and useful in ways that make the potential loss of some satellite orbits look like a very minor detail. At least that's my take. Too bad about the materials science not doing its part, huh. :)