Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bono: Only Capitalism Can End Poverty
inquisitr ^ | Nov 12, 2012 | Video

Posted on 08/13/2013 7:34:19 AM PDT by wrhssaxensemble

You probably figure that like most prominent artists and entertainment celebrities, U2 frontman Bono would be a typical left-liberal.

But you’d be wrong.

The Values & Capitalism blog of the American Enterprise Institute observes that “For a rock star whose travels to developing nations and advocacy of foreign aid are well known, this focus on commerce has surprised many observers—and apparently the man himself.”

In a recent speech at Georgetown University’s Global Social Enterprise Event, Bono admitted that even he himself finds it hard to accept that he has become a rock star who preaches capitalism. “Wow; sometimes I hear myself and I just can’t believe it,” he said.

Bono is well known for leading charitable organizations and initiatives that are fighting poverty and disease in Africa. He also may or may not be the world’s wealthiest musician as a result of his investment in the Facebook IPO.

At the Georgetown speech, Bono made the following statements:

“Aid is just a stop-gap. Commerce [and] entrepreneurial capitalism takes more people out of poverty than aid.

“In dealing with poverty here and around the world, welfare and foreign aid are a Band-Aid. Free enterprise is a cure.

“Entrepreneurship is the most sure way of development.”

In a speech in Dublin in October, Bono express similar sentiments according to Forbes.

“Job creators and innovators are just the key, and aid is just a bridge … We see it as startup money, investment in new countries. A humbling thing was to learn the role of commerce.”

(Excerpt) Read more at inquisitr.com ...


TOPICS: Business/Economy; Government; Philosophy
KEYWORDS: bono; capitalism; development; poverty

1 posted on 08/13/2013 7:34:19 AM PDT by wrhssaxensemble
[ Post Reply | Private Reply | View Replies]

To: wrhssaxensemble

i'm shocked!!!

2 posted on 08/13/2013 7:35:12 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wrhssaxensemble

He’s right.

Dump food and doctors on place like Haiti, all it did was make it impossible for Haitians to farm and practice medicine for a living, allowing the cycle of dependence on aid continue in perpetuity.


3 posted on 08/13/2013 7:35:51 AM PDT by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: wrhssaxensemble; Revolting cat!

Only a popstar could think that poverty could be eliminated.


4 posted on 08/13/2013 7:37:08 AM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
[ Post Reply | Private Reply | To 1 | View Replies]

To: a fool in paradise

When did mr. save the world change stripes? Is he living and paying taxes in Ireland? Asshat extrodinaire.


5 posted on 08/13/2013 7:38:44 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: rktman

He’s always been fairly honest and consistent about this.


6 posted on 08/13/2013 7:41:44 AM PDT by Borges
[ Post Reply | Private Reply | To 5 | View Replies]

To: rktman; GeronL

Still waiting for Mr. Bono to step forward and condemn confiscatory tax rates.


7 posted on 08/13/2013 7:41:46 AM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
[ Post Reply | Private Reply | To 5 | View Replies]

To: wrhssaxensemble

Why all the negative if one of them has finally seen the light?


8 posted on 08/13/2013 7:41:58 AM PDT by alphadoggie
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman

My sentiments exactly. He spent 30 years advocating sending 1st world wealth to a corrupt and god-forsaken third world and now he finally sees the light. He can go to hell.


9 posted on 08/13/2013 7:42:56 AM PDT by x1stcav ("The past is a foreign country: they do things differently there.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: rktman
Is he living and paying taxes in Ireland?

You just HAD to go and ask a rhetorical question....didn't you?:-)

10 posted on 08/13/2013 7:43:43 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
[ Post Reply | Private Reply | To 5 | View Replies]

To: a fool in paradise
“Only a popstar could think that poverty could be eliminated.”

I truly think ‘poverty’ can be eliminated. It really depends on what we call poverty. In the US you can have an annual household income well below the poverty level, and still have a much higher standard of living than much of the rest of the world. There will always be those who have more, and those who have less, but I do believe it is possible to get to the point that those with less are not impoverished.

That said, I think the most profound type of poverty is when a persons self-respect and ambition are gone. This is what happens when people lose faith in their ability to determine their own fate. Policies that do this are not helping.

11 posted on 08/13/2013 7:45:47 AM PDT by pieceofthepuzzle
[ Post Reply | Private Reply | To 4 | View Replies]

To: wrhssaxensemble
Bono admitted that even he himself finds it hard to accept that he has become a rock star who preaches capitalism. “Wow; sometimes I hear myself and I just can’t believe it,” he said.

A classic example of a young man maturing as an adult, and fulfilling the prophetic Churchill quote:

“If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brain.”

It's taken Bono a few more years, but this is a stunning achievement.

12 posted on 08/13/2013 7:47:36 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
[ Post Reply | Private Reply | To 1 | View Replies]

To: x1stcav

Not sure I want to condemn someone for discovering the obvious.

discovering the truth might take time, when surrounded libtards.


13 posted on 08/13/2013 7:48:02 AM PDT by bkaycee (John 3:16)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Lou L

Guess they all can’t be Danny Elfman:

Capitalism - Oingo Boingo

There’s nothing wrong with capitalism
There’s nothing wrong with free enterprise
Don’t try to make me feel guilty
I’m so tired of hearing you cry

There’s nothing wrong with making some profit
If you ask, I’ll say it’s just fine
There’s nothing wrong with wanting to live nice
So tired of hearing you whine

About the revolution, bringing down the rich
When was the last time you dug a ditch, baby

If it ain’t one thing, then it’s the other
Any cause that crosses your path
Your heart bleeds for anyone’s brother
I’ve got to tell you, you’re a pain in the ass

You criticize with plenty of vigor
You rationalize everything that you do
With catchy phrases and heavy quotations
And everybody is crazy but you

You’re just a middle class, socialist brat
From a suburban family and you never really had to work
And now you tell me that we’ve got to get back
To the struggling masses, whoever they are

You talk, talk, talk about suffering and pain
Your mouth is bigger than your entire brain
What the hell do you know about suffering and pain?

There’s nothing wrong with capitalism
There’s nothing wrong with free enterprise
Don’t try to make me feel guilty
I’m so tired of hearing you cry

There’s nothing wrong with making some profit
If you ask I’ll say it’s just fine
There’s nothing wrong with wanting to live nice
So tired of hearing you whine

You’re just a middle class, socialist brat
From a suburban family and you never really had to work
And now you tell me that we’ve got to get back
To the struggling masses, whoever they are

You talk, talk, talk about suffering and pain
Your mouth is bigger than your entire brain

There’s nothing wrong with capitalism
There’s nothing wrong with capitalism
There’s nothing wrong with capitalism
There’s nothing wrong with capitalism


14 posted on 08/13/2013 7:49:44 AM PDT by dfwgator
[ Post Reply | Private Reply | To 12 | View Replies]

To: wrhssaxensemble

Sometimes it takes a long time for people to see the light. I hope he carries this message far. Maybe more people on the Left for now will be willing to listen and understand if the message is coming from Bono.


15 posted on 08/13/2013 7:50:14 AM PDT by Tired of Taxes
[ Post Reply | Private Reply | To 1 | View Replies]

To: x1stcav

“”He spent 30 years advocating sending 1st world wealth to a corrupt and god-forsaken third world and now he finally sees the light. He can go to hell.””

If we are in a war of ideas - Let’s celebrate some of the victories
He may not be carrying the exact flag you or I would be he’s closer to our side than he was before

He also has more sway to gather converts than most of us here


16 posted on 08/13/2013 7:53:11 AM PDT by jcon40
[ Post Reply | Private Reply | To 9 | View Replies]

To: wrhssaxensemble

The growth of plants (an oak tree, say) is Nature’s expression of capitalism in action. Starting from a seed (acorn) with its store of energy, and the program of growth in its vital center, the roots and the leaves sprout forth. The roots draw up the necessary moisture, moving the nutrients internally through all parts of the organic whole, and the leaves become the manufacturing facilities, taking the raw material of carbon dioxide, water vapor, and the energy input from the solar radiation that falls on the deserving and undeserving alike.

A wide array of products from this one source alone, as sugar, cellulose, and various other polysaccharides, combined with production subcontracted out to symbiotic microorganisms, which take other elements from the air and already coursing through the internal distribution system of the organic whole, to create nitrogenous compounds known as amino acids, the building blocks of protein. Other microorganisms convert part of the saccharides into fats and oils, a very compact energy storage medium, that has its own place in the entire operation and product generated in the growth cycle.

So, by taking raw materials, energy, and a program for growth, together with a symbiotic relationship with other organisms, the oak tree is the ultimate expression of capitalistic growth. There are, of course, any number of ways this growth can go wrong, as by germinating in an unfavorable place, or being uprooted and destroyed before becoming sufficiently large to maintain its place in the environment, or being harvested before its own maturity assures the future growth of descendants. The growing tree may be subjected to any number of limiting conditions, as it could end up being pruned back and forced to conform to some other guidance, never allowing the tree to reach anything like its true potential.

But a mature oak tree is a magnificent demonstration of the vitality of the whole capitalistic system that grew it to its stature.


17 posted on 08/13/2013 8:07:01 AM PDT by alloysteel (Unattended children will be given a Red Bull and a free Kazoo. Reminds me of Congress...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman; a fool in paradise
Asshat? I think you're a little off.

First, Bono has been getting more and more outspoken about the importance of trade, and the limitations of aid, for years.

Second, why should he live and pay taxes in Ireland when he can pay less taxes elsewhere? He just SAID that taxpayer-financed aid is not the route to lasting improvement: commerce/ entrepreneurial capitalism is.

And you're not morally obliged to choose to live and pay taxes in the countries with the highest tax rates. There is nothing morally reprehensible about doing what you can legally do, to reduce your taxes.

Do you insist on paying more taxes than what is required from you by law?

18 posted on 08/13/2013 8:16:30 AM PDT by Mrs. Don-o ("Only an arrogant legal culture ... could take such a suggestion seriously." - Justice Alito)
[ Post Reply | Private Reply | To 5 | View Replies]

To: jcon40

Amen, brother! Conservatives are well-known for shooting their wounded, but shooting at unarmed refugees is another matter. I say we let him in the camp, and get him some medical attention from Dr. Ted.

While Bono has made a lot of blunders, he has been very determined to help over the long term, and he has been headed in this direction for a while. The difference between losers and winners is not the number or severity of their failures; it’s the ability to admit the failures and move on.

I don’t know what Bono’s done to all these folks here, but I hope they don’t face the same standard come Judgment Day.


19 posted on 08/13/2013 8:18:53 AM PDT by antidisestablishment (Mahound delenda est)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Mrs. Don-o; Admin Moderator

He ducks out on taxes rather than speaking out against them.

Asshat? REALLY?
Knock off the namecalling.


20 posted on 08/13/2013 8:23:35 AM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
[ Post Reply | Private Reply | To 18 | View Replies]

To: a fool in paradise
Only a popstar could think that poverty could be eliminated.

Moral poverty or monetary poverty? One guarantees the other.

21 posted on 08/13/2013 8:23:55 AM PDT by VRW Conspirator (Producing Talk Show Prep since 1998.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: wrhssaxensemble

Real genius. What is he, 55 now and he is just realizing this? I knew this when I was 8, what’s his excuse?


22 posted on 08/13/2013 8:26:59 AM PDT by GrandJediMasterYoda (Someday our schools will teach the difference between "lose" and "loose")
[ Post Reply | Private Reply | To 1 | View Replies]

To: jcon40

Of course you’re right. It just gripes me we had to listen to all of his crap for decades.


23 posted on 08/13/2013 8:32:16 AM PDT by x1stcav ("The past is a foreign country: they do things differently there.")
[ Post Reply | Private Reply | To 16 | View Replies]

To: a fool in paradise; rktman; Admin Moderator

I just want to point out that I never called Bono an asshat; on the contrary, I was defending him from rktman’s abusive namecallng, which I quoted.


24 posted on 08/13/2013 8:34:18 AM PDT by Mrs. Don-o ("What you can't legitimately say, you can legitimately quote.")
[ Post Reply | Private Reply | To 20 | View Replies]

To: Mrs. Don-o

Abusive am I? LOL! :>) You should see me when I get really cranked up. Thanks for the compliment anyway.


25 posted on 08/13/2013 8:54:55 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: rktman
You're welcome --- and I am thankful that you are not all cranked up. We agree on that, anyhow!

Cordially!

26 posted on 08/13/2013 8:59:10 AM PDT by Mrs. Don-o ("Aye, ye better agree or ye be walkin' the plank, ye pustulant, pox-ridden flounder!")
[ Post Reply | Private Reply | To 25 | View Replies]

To: Mrs. Don-o

I took it that you were calling ME an asshat for my comment.


27 posted on 08/13/2013 9:53:40 AM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
[ Post Reply | Private Reply | To 24 | View Replies]

To: a fool in paradise

Sometimes these people stumble into the truth and haven’t yet worked out all the details.


28 posted on 08/13/2013 9:56:54 AM PDT by GeronL
[ Post Reply | Private Reply | To 7 | View Replies]

To: a fool in paradise
Oh! Sorry! :o{

I would never do that!

I've got to remember to write the quotable quotes more quotationally!

29 posted on 08/13/2013 10:05:56 AM PDT by Mrs. Don-o ("OK, youse guys, pair off by threes." - Yogi Berra)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Mrs. Don-o; a fool in paradise; rktman

It’s nice to see when posters work out misunderstandings among themselves.

Then we don’t have to post on the thread.

;)


30 posted on 08/13/2013 10:13:44 AM PDT by Admin Moderator
[ Post Reply | Private Reply | To 29 | View Replies]

To: Admin Moderator

Good on ya!


31 posted on 08/13/2013 10:14:51 AM PDT by Mrs. Don-o ("OK, youse guys, pair off by threes." - Yogi Berra)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Admin Moderator

Uh, did I miss something? Oh, I know. I forgot to be offended. And, that probably isn’t gonna happen. Lived too long near gators so I acquired some of their thick skin. Although I do have a spot on the top of my head............. Just sayin’. :>)


32 posted on 08/13/2013 12:54:07 PM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: rktman

***Uh, did I miss something?***
Maybe the attempt at humor by a Mod?

:)


33 posted on 08/13/2013 1:41:11 PM PDT by Admin Moderator
[ Post Reply | Private Reply | To 32 | View Replies]

To: wrhssaxensemble

http://youtu.be/slPsjhiw7jk

bono talks about dodging the hug from Bush


34 posted on 08/13/2013 1:45:37 PM PDT by My Favorite Headache (In a world where I feel so small, I can't stop thinking big.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Admin Moderator

That was it. Palm to forehead. :>)


35 posted on 08/13/2013 4:26:12 PM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: rktman

Heh.

Obtuse Mod, over and out.


36 posted on 08/13/2013 4:39:13 PM PDT by Admin Moderator
[ Post Reply | Private Reply | To 35 | View Replies]

To: wrhssaxensemble

Even John Lennon was rumored to have seen the light


37 posted on 08/13/2013 4:40:46 PM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson