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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
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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.)
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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")
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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.")
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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.")
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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.)
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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!")
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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)
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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
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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)
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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
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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)
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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.)
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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
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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.)
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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.)
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To: rktman

Heh.

Obtuse Mod, over and out.


36 posted on 08/13/2013 4:39:13 PM PDT by Admin Moderator
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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")
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