"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

Global Degrowth Day

By: Joe Herbert, Ana Poças, Joël Foramitti, Álvaro Fonseca

Saturday 1st June 2019 marked a significant occasion for the degrowth movement: the inaugural ‘Global Degrowth Day’. Groups of people gathered together in places all around the world to engage with ideas of degrowth and alternatives to our growth-based society, guided by the event’s theme of ‘a good life for all’. The Global Degrowth Day was coordinated by the Activists and Practitioners int...

Blog

Five Take-Homes from the Degrowth Conference in Budapest

By: Steffen Lange

The fifth international Degrowth Conference is over, the call to host the sixth has been opened. A lot could be said about the conference, yet I do not intend to give a comprehensive overview, nor examine how it stands in relation with the former conferences. Instead, I want to share five aspects of the conference, which I found particularly insightful. 1. A Degrowth Conference in Hungary? ...

Blog

Degrowth and history - economics, sustainability, power

By Chris Ward Growth is always a goal in many countries, statistics appear everywhere and it’s always discussed. Even small reductions in GDP are met with bitter disappointment; it’s become one of the most important measures in the modern era. And yet there are surprisingly few discussions or resources on when and why this did happen. The special session on degrowth and history sheds some ligh...