Dear Editors – Ending the money system can save the planet

Dear Editors,

Money may feel neutral — just a tool for exchange. And environmental destruction is usually framed as a technological problem, a political failure, or a lack of individual responsibility. But the primary driver of ecological degeneration is the system we live under. It requires endless growth, even though the earth itself does not grow – forests regenerate slowly, soils take centuries to rebuild.

In a monetary framework, nature has value only when it can be priced. So, for example, a living forest is ‘unused land’ and a felled forest is ‘economic activity’. Clean air, biodiversity, climate stability, and future generations tend to be ignored by balance sheets. It is more profitable to extract than to regenerate and so what cannot be monetised is treated as expendable, the result often being not stewardship, but liquidation. This doesn’t happen because people are evil. It happens because the system rewards the wrong behaviour.

The result is that total global debt now equals more than three years of the planet’s entire yearly output — everything humanity produces in one year, multiplied by three, already promised away. But growth and the borrowing that goes with it means more extraction and more pressure on land, oceans, climate, and people. We have in effect built a system that treats Earth as an infinite credit card — and even after maxing it out, it demands a higher limit.

That is why we do not have a problem that can be fixed with better regulation, greener growth, or smarter finance. The system that requires endless expansion on a finite planet is not malfunctioning. It is doing exactly what it was designed to do.

This brings us to the question of artificial scarcity. Money-based systems depend on scarcity, but not natural scarcity — manufactured scarcity. There is enough food, yet people starve. There are more than enough homes, yet people are homeless. There is an abundance of energy from the sun, yet we burn the planet for fuel. So scarcity is not a condition of nature. It is a condition of design. And scarcity doesn’t just damage ecosystems. It damages people and a wounded humanity consumes to compensate. Much of modern overconsumption is not driven by greed, but rather by emptiness. When work is disconnected from meaning, when time is stolen from life, when worth is measured numerically, people compensate by seeking status, possessions and distractions.

This is a system that erodes human dignity. You are valued only when you are profitable. So rest must be earned, care must be justified, illness is a liability, and ageing becomes a problem. Your right to exist depends not on being human but on being useful.

But ending money would change the questions. Without money, society would stop asking ‘Is this profitable?’ and begins asking questions like ‘Is this necessary?, ‘Is this sustainable?’, ‘Does this improve life for people and the planet?’ When production becomes needs-based, technology serves life, not return on investment, and durability replaces planned obsolescence.

It’s not that people aren’t trying to save the planet within the today’s monetary system — many are. But every serious environmental effort is forced to operate against the system’s underlying logic. Renewable energy must compete with fossil fuels on price. Ecosystem protection must justify itself in economic terms. Climate action must promise growth, jobs, and returns to be considered ‘realistic’. In other words, nature is allowed to survive only if it can be made profitable. And this creates a constant contradiction: we try to heal the planet while preserving the very engine that requires its continued destruction. As long as money, debt, and growth remain the organizing principles of society, ecological protection will always be partial, fragile, and reversible — tolerated only until it threatens profits. That’s why saving the planet without ending the monetary system is not just difficult; it may be structurally impossible.

You may say ‘What can we have instead? This is the only system we’ve got.’ But is it? When land, water, and ecosystems are no longer owned for profit, extraction loses its incentive, care becomes collective, and long-term thinking becomes natural.

Stewardship replaces ownership. The guiding question shifts from ‘How can we extract as much as possible?’ to ‘How do we keep this system healthy for ourselves and future generations?’ Just as a humanity stripped of dignity will compete, consume, and destroy, a humanity that feels safe, valued, and meaningful does not need to dominate its environment.

So while ending the monetary system does not magically save the planet, it does remove the root incentive that is currently destroying it — and it also gives both Earth and humanity a chance to recover. This is the core vision explored in my book, Waking Up – A Journey Towards a New Dawn for Humanity, a story that doesn’t ask whether such a new world is perfect, but whether it becomes possible once the old rules are removed. The question is no longer whether we can afford to imagine a world beyond money. The question is whether we can afford not to.

HARALD SANDØ

We broadly agree, though we see the imperative to growth that is built into capitalism as resulting from its economic drive to make and accumulate more profit rather than from having to make money to repay interest on debt – Editors.

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