Did Jesus condemn wealth? Mathew 19 : 16 - 24

16 And, behold, one came and said unto him, Good Master, what good thing shall I do, that I may have eternal life?
17 And he said unto him, Why callest thou me good?  there is none good but one, that is, God:  but if thou wilt enter into life, keep the commandments.
18 He saith unto him, Which?  Jesus said, Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness,
19 Honour thy father and thy mother:  and, Thou shalt love thy neighbour as thyself.
20 The young man saith unto him, All these things have I kept from my youth up:  what lack I yet?
21 Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven:  and come and follow me.
22 But when the young man heard that saying, he went away sorrowful:  for he had great possessions.
23 Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven.
24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.

This bible passage has really got me confused. Does this mean that Jesus condemns wealth and it is not good to be rich?.
No, it does not mean that at all.  We cannot assume that everything Jesus ever said to anyone applies to all people in all times.  Jesus gave this specific commandment to this specific person at that time.

Other places in Scripture, Jesus acknowledges that there are wealthy people and gives instructions to them--not condemnations.


  As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. 18 They are to do good, to be rich in good works, to be generous and ready to share, 19 thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.  1 Timothy 6:17-18 ESV


The Old Testament acknowledge that God does bless with material things at times, though this is not His greatest blessings.


  Honor the Lord with your wealth and with the firstfruits of all your produce;
  10 then your barns will be filled with plenty, and your vats will be bursting with wine.  Proverbs 3:9-10 ESV


So, no, this is not a condemnation of wealth or capitalism or anything like that.  It is a specific command to a specific person who perhaps had made an idol out of his wealth which needed to be removed.