Logo degrowth

Blog

"The dollar is approaching its collapse, which will force a reconfiguration of our systems of money, finance and banking"

14.02.2014

Interview with Ole Bjerg Ole Bjerg is associate professor at the Copenhagen Business School. He writes for the ephemera Journal and is one of the organizers of the conference "Organizing for the post-growth economy". He gave us a short interview for the Stream towards Degrowth.  

Imagine we're living in the future, say in the year 2030, in a time of well-being. Humanity
enjoys a good life beyond economic growth. Let's look back at the last few decades.
1. In what respect did society depend on growth? Society depends on the growth of living organisms, plants and animals. However, this kind of growth is taking place within a natural cycle of life and death so that nothing grows infinitely. 2.What obstacles impeded a turning away from economic growth? The major obstacle was the creation of money by banks as interest bearing debt. As soon as this obstacle was overcome through a monetary reform the need for perpetual economic growth became obsolete. 3. How did your actions contribute to a society beyond growth? Through my writing and teaching I played an active role in raising the awareness of the detrimental effects of the past monetary system and the benefits of the implementation of a new system based on full reserve banking. 4. From your point of view, what does well-being imply in a society that consciously chose low production and consumption levels? Freedom in the sense of being in control and in contact with the means of one’s own subsistence. 5. Which signs for a world beyond growth did you already notice in 2013? That the dollar is approaching its collapse, which will force a reconfiguration of our systems of money, finance and banking.

Share on the corporate technosphere


Our republication policy

Support us

Blog

The fight against the elimination of fossil fuel subsidies in Ecuador: Lessons for environmental and social justice

Ecuador 2 1024x683

By: Diana Vela Almeida

On October 1st, Ecuadorian President Lenin Moreno announced a series of economic measures for the country, including the elimination of gasoline and diesel subsidies and the liberalization of their prices, as part of an agreement with the International Monetary Fund (IMF). These measures led to the eruption of massive nationwide protests for eleven consecutive days, which were met by the govern...

Blog

COP24: climate protesters must get radical and challenge economic growth

Climate emergency

By: Christine Corlet Walker

At the COP24 conference in Poland, countries are aiming to finalise the implementation plan for the 2015 Paris Agreement. The task has extra gravity in the wake of the recent IPCC report declaring that we have just 12 years to take the action needed to limit global warming to that infamous 1.5ᵒC target. Although the conference itself is open to selected state representatives only, many see t...

Blog

How degrowth relates to other movements

By: Nina Treu, Matthias Schmelzer, Corinna Burkhart

There is a wide range of emancipatory alternatives working towards a social-ecological transformation. It is more important than ever to underline this. From Brexit, to the AfD (Alternative für Deutschland) in Germany, to Trump —the current political turmoil is a clear sign of the discontent that exists with the prevailing system, and that expresses itself through a societal shift towards t...