In which Christian groups is "prosperity theology" derogatory? What Christian denomination(s) believe(s) that "prosperity theology" is derogatory, and why? What are the justifications against prosperity theology?

I know that some neo-Pentecostal churches preach prosperity theology, and they preach it, considering the socioeconomic status of their members, providing social services and stuff like that. Doesn't Jesus want Christians to be happy and healthy?
I'm sure there are several denominations that do not believe in a Prosperity Theology. I can speak from a Baptist perspective. The primary reason to disagree is the idea of following a prescribed set of rules leads to automatic financial blessing from God. I have heard this described as a "vending machine" concept of God - if I put certain things in, God will give me other things in return.

But God works his will, not ours. If our will is in alignment with His, then we are in the best place we can be, but that is not a guarantee of any particular type of blessing. The only blessing that can be guaranteed is salvation to those who believe.

Many of the patriarchs were wealthy, but many of the disciples were not. Are we to believe that they were unfaithful?