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

UN climate talks: 'in moral terms… it’s evil!'

Angela chile fff low res

By: Nick Breeze

The negotiators at this year's COP25 in Madrid achieved nothing, despite warnings from many voices about the acceleration of the climate crisis. The UN climate negotiations in Madrid, COP25, have amounted to precious little. The extended talks have provided the opportunity for petrol states and developed countries to excise the red lines of developing countries from the text of the...

Blog

Defending degrowth is not Malthusian

Kallis limits e1571832151637

By: Giorgos Kallis

Self-limitation is not about constraining, but about defining collectively as societies our limits. Political ecology ‘has made strong arguments against natural limits’ and is in friction with ‘degrowth’s .. urgency of less’, writes Paul Robbins. Indeed, political ecologists developed the field as a response to 1970s neo-Malthusianism. Nancy Peluso, Lyla Mehta or Betsy Hartmann have exposed ...

Blog

Why the proposals for the US economy might not be the right selection

Money tree

By: Mark H Burton

It is great to see an attempt to put degrowth ideas into a straightforward form that can be taken into political debate.  However, the selection of points is critical and I am not convinced that this is the right selection. I'll just take issue with two: 1. Zero bank-debts “No bank should lend more than its deposits. Banks cannot be allowed to create money out of thin air, while all the ...