Not seen or am I familiar with the video you speak of.
I found the last few minutes interesting when Noam started talking about how several decades ago the powers-that-be decided that having the citizenry chase material possessions as the "essence of life" was a good distraction, would keep us from thinking too much about the big issues, and was great for business. Around the 1940's-1950's the advertising industry exploded and an entire field of study - marketing - was born with the objective of making people buy shit they don't know they want/need.
"The public must be put in its place…so that each of us may live free of the trampling and the roar of a bewildered herd." - Walter Lippmann
This said, let me kick the beehive a little bit.
Even in mustachian frugality, it is still consumption of material wealth and goods, even if you're not buying much. Money is a useful tool as a function to trade for other tools and resources that you may not otherwise have available, or to help others in doing likewise... but do we actually
need to amass that tool to potentially live successfully or comfortably in the first place? Or is it nothing more than a safety blanket that simply indulges us to nurture and soothe our more selfish and lazy inclinations, only to grow to be separated from, and to begin to hate and despise those who have not despite our shared humanity?