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Yes and no.
Yes because it allows innovation through competition; which pushes the quality of life upwards. Without consumers paying or demand for goods, no one would attempt to think 'outside the box' due to lack of rewards.
However, it is disgusting that extreme forms of consumerism encourages that the goods are the end goal, and not the people it is meant to be used on. I dont mind having a small house which houses myself and several others;its fulfilling its intended purpose to enrich a human's life. I find it disgusting that some huge mansions are virtually empty because its only seen as investments or status symbols; meanwhile some humans- the very creatures it is designed for; are misplaced and undervalued due to the lack of such capabilities/resources. Somehow, the creatures it was made for can be worth less than it in society's perspective.
Its really sad when people know the price of things, but know the value of nothing.0