Consume less instead of consuming green

Today I read an article that says it all regarding consumption in our society. Basically, the author argues that it is not enough to start consuming greener products (like using economical light bulbs, hybrid cars) but we need to decrease our consumption altogether. If this would happen we would end up with more time for contemplating the world around us and more money in our pockets. Isn't this good for us after all? Of course, we would want to do this mainly to still have a planet to live on :)