"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

Transformative economics on both sides of the Atlantic – the new economy movement and degrowth movement

By: Nathan Barlow

Two loose movements have emerged on either side of the Atlantic with the aim of transforming the economy. In the U.S. –the new economy movement and in Europe - the degrowth movement . Both originated as critiques of the current political-economic system, and gained momentum after the financial crisis, since flourishing into nascent social movements composed of practitioners, academics, and act...

Blog

Integrating Southern Perspectives

By: Miriam Lang

How migration relates to the imperial mode of living, degrowth and new internationalism We are currently facing the most severe migration crisis in history. But this is only one dimension of a broader civilizational crisis. Thus, anti-racist movements should not focus solely on issues of human mobility rights, but also build new paths of solidarity with societies in the geopolitical Global Sou...

Blog

The Stream towards Degrowth is flowing!

The Stream towards Degrowth has begun to flow! Political, scientific and artistic institutions and initiatives as well as individuals are all part of the current of a growth-sceptic public. We started the stream on the 27th of November in Jena, Germany. Now we're looking forward to gathering reports, debates and points of views - in order to show the problems of the fixation on growth and to pr...