It would seems like you are both right. Money does not, however, measure wealth. Satisfaction of needs does. That is where industrialization came in. And that

It would seems like you are both right. Money does not, however, measure wealth. Satisfaction of needs does. That is where industrialization came in. And that might also be why we will see a stagnation of wealth. There are not many needs that need to be solved (from a commodity point of view). Current needs are more of a social and spiritual nature, and the markets are not efficient at providing to these.