Taken at an absolutists stance you could easily push that argument down (are you against ALL of modernity?!). But the overall spirit of the idea is one worth exploring.
I can say that I would personally fall into that camp and that I am fairly happy, to step out of the hustle and not be a cat chasing its own tail. But the said effect of this is a form of graceful poverty. To be a poor master rather than a rich slave. That is a very difficult sales pitch.
But I am convinced we will take a turn more towards that flavour of thinking only once we have busted out the bottom of the bucket with business as usual. Maybe we need to military budge to grow to $5 trillion dollars abd then people will say "Enough!" I just hope that we are wise in the path towards it, I fear we will not and that we throe the baby out with the bathwater.
There is a brazillian saying that goes something like, when it floods you have to wait until the water is at you hips before you can swim. maybe this is the path forwards, to endulge in our folly.