"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

Petition for postgrowth research funding - please sign and share

In order to facilitate the transition towards a postgrowth or even degrowth economy, further research on alternative ecoomic and social models is utterly important, as we have no working models of non-growing economies at the moment. However, despite the urgency of this matter, progress in this direction is slow. Large amounts of research-funding are directed towards "green growth" and other...

Blog

Paths towards a Postgrowth-Economy – the four-in-one-perspective

By Frigga Haug At the closing event of the attac-congress on capitalism in 2009, the German politician Heiner Geissler pleaded for an eco-dictatorship. After all, even as a prominent member of the Christian Democratic Party he had joined attac out of concern over problems of capitalist society, among them the ecological one - and was now calling on the 2000 or so participants to take action to...

Blog

Degrowth America 2100

For our project “Degrowth from a future perspective”, we would like to present how Erik Assadourian, Senior Fellow at the World Watch Institute, envisions a Degrowth America in 2100 and looks back to the transiton towards a truly sustainable United States. Will this have become a place where we can still have personal (electric) vehicles, [...]