"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

The coronavirus pandemic IS ecological breakdown: different tempo, same song

By: Vijay Kolinjivadi

COVID-19 is both one and the same as any other ecological crisis (such as climate change) because its emergence is rooted in the same mode of production that has generated all other ecological crises and social inequalities of our times. In late 2019, a novel coronavirus (SARS CoV-2) emerged from a wet market in Wuhan in the province of Hubei in China. It has so far resulted in cases ov...

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

Social-ecological transformation: a crossover-project between the left and the greens?

By Ulrich Brand “Business as usual” is the motto of ruling politics nowadays. The dominant public discussions and policies are staged as necessities and unavoidable adaptions to an austerity policy which is apparently without alternatives. We are assured that rising poverty-rates, the redistribution of wealth from bottom to top and the cutback of social rights and democracy are only te...