"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

Challenging global corporate power

By: James Shultz

International corporations are decimating nature, destroying lives and manipulating opinion. Here's how to stop them.. A US engineering giant sneaks into a Bolivian city under an assumed name and takes over its public water system. A Canadian mining company seeks control of El Salvador’s gold even at the cost of poisoning its drinking water. An Italian energy conglomerate floods ...

Blog

The EU needs a stability and wellbeing pact, not more growth

Please find below a text published in The Guardian and also in several European Countries. More than 200 academics call on the European Union and its member states to plan for a post-growth future in which human and ecological wellbeing is prioritised over GDP. More than 78,000 people already singed the petition "Europe, It’s Time to End the Growth Dependency" This week, scientists, politici...

Blog

Ecommony: Living Alternatives to "There is no Alternative"

By: Friederike Habermann

According to German columnist Georg Diez, the violation of democratic processes in the wake of the financial crisis in 2007/2008 was an epochal break comparable to the great depression and the developments thereafter. One reason for the increase in racism and rise of the radical right, he writes, is also the helplessness of the left faced with the increasing numbers of people who feel abandon...