Morality and the Idea of Progress in Silicon Valley http://berkeleyjournal.org/2015/01/morality-and-the-idea-of-...
I think the statement could also be succinctly summarized from a simpleton's perspective as: "Have a problem? Science and tech will eventually find the answer." Science and tech keep answering questions, so it gives the false impression that every problem can be answered with science and tech, which in turn seems to justify - at least in part - every answer science and tech gives.
I used to believe this myself when I was first getting into tech in school and reading Kurzweil's The Singularity is Near.
Then I got into the real world and realized the hardest problems to solve are not technical problems, but people problems.
I'm not necessarily disagreeing, but I am curious why you think that is a problem.
Even happiness/satisfaction/contentment/enlightenment etc... aren't ultimately attainable.
It's biologically determined that we will always search for the next thing.
Regarding the people who are generally happy, "rat race" would not apply to their experience of life.
Before then, people thought in terms of food fuel and muscular mechanics. Same principle applied for slaves, livestock, and so on.
After industrialization, people began to think in terms of (typically) chemical fuels and technical mechanics. Problems that would be solved by the introduction of slaves or domesticated animals were instead solved by the use of machines.
Nowadays, in the Information Age, problems are not solved by throwing money or machines at it, but by utilizing the right information.
The tools we make, make us.