Not really. Obviously money spends differently in different places, but the sum of EVERYTHING that someone owns being less valuable than my computer, cell phone and the cash in my wallet is very bad.

Never mind the idea that there's still an extreme minority of the population in possession of an obscene ratio of the world's wealth is "awesome" in the sense that it "inspires awe that our society has continued to allow this to happen" but that doesn't mean it's good.