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The Impact Equation
Hans Stegeman, Chief Economist of Triodos Bank: Rethinking Growth, Economic Systems and GDP
Season 1, Ep. 59
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What if the way we think about money is fundamentally wrong? In our latest episode of The Impact Equation, Rafi and Adam sit down with Hans Stegeman, Chief Economist at Triodos Bank - one of the few banks where sustainability isn’t a bolt-on, but the organising principle. Hans’s central critique is this: we haven’t just chosen economic growth - we’ve hard-wired it into everything. Our markets, financial returns, debt system, pensions, and public budgets all depend on the assumption that the economy must keep expanding. The problem is that this version of growth is material by design, and material growth always comes with ecological and social costs. His argument isn’t that progress is bad - it’s that we’ve confused progress with GDP. No amount of “green” investing can fix a system that structurally requires ever-greater extraction, consumption, and future growth just to stay standing. So what does he want to change? Hans calls for an economy, and a financial system, that is less dependent on growth, and that fundamentally success ought to be measured in wellbeing, resilience, and social outcomes, not just economic output. In this episode, Hans challenges us to question our assumptions and what we’ve accepted as “just how the world works”.
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