"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

Towards a more radical European Society for Ecological Economics

Capture d e%cc%81cran 2019 07 04 a%cc%80 15.55.30

By: Joëlle Saey-Volckrick, Andro Rilović

The time has come for ESEE to take a firmer stand and address the impossibility of tackling the monumental ecological crisis we are facing with partial solutions. In order to remain relevant ESEE needs to empower its members to speak the truth, confront power and focus their energies on finding meaningful, holistic and truly transformative solutions. The 13th International Conference of the ...

Blog

A Green New Deal beyond growth (II) - Some steps forward

By: Elena Hofferberth

Among the proposals of how to address the climate crisis, calls for a Green New Deal (GND) have recently gained a lot of traction. Riccardo Mastini's article laid out much of the content of current GND proposals as well as criticism from the degrowth perspective. While critical scrutiny is absolutely crucial to ensure that ideas for change truly live up to their goals it is also importa...

Blog

Renewables cannot sustain the globalized growth-economy

by Almuth Ernsting (Biofuelwatch) Living in Scotland, I should be proud of our government’s energy and climate change commitments. Not of those by the UK government, whose climate credentials consist mainly of slashing support for onshore wind and solar power, handing some €400 million in subsidies to energy companies for keeping old coal power stations open and riding roughshod over mass oppo...