"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

Feminist degrowth reflections on COVID-19 and the politics of social reproduction

By: Feminisms, Degrowth Alliance (FaDA)

The crises provoked by the COVID-19 pandemic have revealed for all what many have long known: the foundations of the wealth and well-being of the world rest upon the sphere of social reproduction and the labor of care. This work is performed primarily by women and, more generally, by people whose work and lives are under-valued and marginalized by sexist, racist, classist, homophobic and ableis...

Blog

From Degrowth to De-Globalization

By: Samuel Decker

The rise of far-right globalization criticism requires a new role for the Degrowth movement. ‘Progressive De-Globalization‘ could be the counter-project that is urgently needed. After the German and Austrian elections, it becomes clear once more that the rise of the new far-right is not a temporary phenomenon. Neither the difficult Brexit negotiations nor the missteps of Donald Trump are sto...

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...