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I don't think there's anything wrong with industry if you kind of like understanding as much as possible about the world and really like money and success. But if your priorities are the other way around, there's nothing wrong with a PhD. Of course, passion isn't enough, and only a select few actually get through the process and have a career in academia, and the rest face a harder time getting by. But that's the risk you take, and it's more than worth it to a lot of people. Anyone who's actually persuaded by this thread not to pursue a PhD shouldn't pursue a PhD, so as much I disagree with some of the things said here, it's good that they're being said.
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