And is life any better today than in 1990? Are we happier?
I think he's arguing that material possessions don't necessarily correlate to 'quality of life' and happiness.
I would personally be pretty happy without a car or computer. But I live in a ridiculous city that is sprawled out over hundreds of square kilometres with terrible public transportation, and live in a society where electronic communication is basically a requirement to do anything.
My happiest childhood memories where on my grandfather's farm. My wife's happiest childhood memories where in her small village in an 'under-developed' country. Today life in Canada is stressful as hell, and her country has been consumed by violence and corruption.