Logo degrowth

Blog

"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

Degrowth and the emerging mosaic of alternatives

By: Nina Treu, Matthias Schmelzer, Corinna Burkhart

In the face of unfettered globalization, the rise of right-wing movements around the globe and the dangers of climate catastrophe, it seems easier to imagine the end of the world than an end to capitalism, growth and domination. However, in recent years something new has emerged to counter what Mark Fisher has called “capitalist realism:” after decades on the defensive against neoliberalism, th...

Blog

A Green New Deal beyond growth

2672786227 067afd1c28 o1

By: Riccardo Mastini

Since 2018, a coalition of grassroots environmental groups and progressive politicians in the United States have brought into the public debate the idea of a Green New Deal. The plan is inspired not only by Roosevelt’s New Deal, but also by the subsequent wartime mobilization in response to a large-scale threat. The difference is that this time around the threat is not represented by the Axis p...

Blog

Use and Abuse of the “Natural Capital” Concept

Casse1

By: Herman Daly

Some people object to the concept of “natural capital” because they say it reduces nature to the status of a commodity to be marketed at its exchange value. This indeed is a danger, well discussed by George Monbiot. Monbiot’s criticism rightly focuses on the monetary pricing of natural capital. But it is worth clarifying that the word “capital” in its original non-monetary sense means “a stock ...