"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

Constructive criticism of degrowth is NOT support for growth: a response to Forbes

Elizabeth lies ybgpwfwlvke unsplash scaled

By: Gabriela Cabaña, Vandana Sharma

In a recent article for Forbes, Corbin K Barthold makes several allegations against the idea of degrowth without having a clear understanding of the concept. He also includes some quotations - originally reported in a different article (by Aaron Timms) - from a vibrant classroom discussion which took place at the 2019 Degrowth Summer School hosted by the Institute of Environmental Scienc...

Blog

46.000 Euros debt and other strokes of luck

What's harder? Raising 46.000 Euros in short time or at last starting a big debate about the future of a fossil fuel-dependent region? For the organizing team of the Degrowth Summer School, both were great challenges... Christopher Laumanns reports. With a little help from our friends: how we filled a financial open cast mine... Ten days before the start of the Summer School, which took place...

Blog

How to sell degrowth: Business models I

How to sell degrowth is one of the questions of our research and communication project Postwachstumspioniere at the Institute for Ecological Economy Research. In the paper “Successful non-growing companies“, Andrea Liesen, Christian Dietsche and myself are discussing motives and strategies that seem to apply to a variety of non-growing companies. We found that small and medium-sized [...]