"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

Entry Points for Transformative Politics: The Power of Unstated Premises

By: Timmo Krüger

While the limits and failures of our current economic and political system are known and repetitively pointed out by degrowth research, we have a deficit in the area of strategic planning for transformative politics. What is missing are entry points for politicizing and changing social values, norms and institutions. To do this successfully, it is useful to detect how hegemonic values are embed...

Blog

Community, connection and localism

By: Helena Norberg-Hodge

Localisation can lead to a sustainable and more fulfilling future for people and our planet. The crude ‘bigger is better’ narrative has dominated economic thinking for centuries, but it is finally being challenged by a much gentler, more inclusive perspective that places human and ecological well-being front and centre. People are coming to recognise that connection, both to oth...

Blog

The ASA-Programm invites project proposals around degrowth

ASA is an educational programme that supports young and dedicated people to expand their skills and to contribute to sustainable global development based on respect for human rights and cultural differences since more than 50 years Currently, the programm is looking out for suitable projects for the 2015 ASA-cycle with particular focus on the areas of degrowth and/or urban gardening which ha...