U2’s Bono: Capitalism is only way to end poverty


Photo Credit www.georgetown.edu

U2 frontman Bono proves that in the end, intelligence and common sense wins out.

In a 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, according to The Inquisitr.

“Wow; sometimes I hear myself and I just can’t believe it,” he said.

Bono is well known for his activism against poverty and disease on the African continent, having lobbied American congressmen, presidents and leaders from other developed nations to get more involved.

He reached out to President George W. Bush, who launched the President’s Emergency Plan For AIDS Relief, a commitment of $15 billion to fight the AIDS pandemic — an effort that saved millions of lives.

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.”

While Bono may not be joining the tea party anytime soon, if the humanitarian could bring more liberal activists around to this way of thinking, he would have even more effect on poverty and debt than the miraculous impact he has had fighting AIDS.

Tom Tillison

Tom Tillison

Tom is a grassroots activist who distinguished himself as one of the top conservative bloggers in Florida before joining BizPac Review.
Tom Tillison


  • Shelly in PA

    I have a rousing response to his assertion: DUH.

  • Doug

    He’s a great humanitarian. Lots of great work for the impoverished of the world.

    • OlderWoman

      I bet only a small percentage actually goes to the people. Charities only cripple the countries they give it to. They become like the entitled in America…too lazy to work, just collecting their ‘gib me dats’ while playing the race card.

  • JJBuck

    And this is from a man who “walks the talk” and works for the eradication of poverty around the world. Now if we could just convince the 65,000,000 uninformed American neighbors living all around is in this country that the welfare state and big, corrupt governments everywhere are a recipe for disaster…

  • mowmowsisi

    Bono will now be ostracized with the “global warming deniers”…..and Paula Dean.

    • OlderWoman

      Global Warming is a HOAX@

  • OlderWoman

    obama would hate hearing this.

  • El_Sluggo

    Well I was wrong. People can learn.

  • Echo Star

    Always loved his voice and music, but had been concerned about his approach to poverty. It is awesome that someone with his connection to liberals has moved to this position.

  • Echo Star

    Fantastic, now I can admire the person as much as I have always admired his voice and music.

  • joodles13

    BRAVO, it’s about time

  • wal_man

    Somebody check up on Hell because I think it just froze over. The world is now officially upside down! Bono has finally figured out that it’s Capitalism that best serves to raise a persons station in life and not “giving them a fish” as governments do. Getting government out of the marketplace and out of the way of small business will do the most to help people who truely want to help themselves.
    Well, even a broken clock is right twice a day and for Bono it’s better late than never since he’s been doing the “Blue Collar Millionaire” thing almost as long as Bruce Springsteen. One remains a Socialist and one has now seen the light. Good for Bono.

    • Doug

      I’m down here so I can verify that it’s gotten chilly but still a long way from frozen.

      • wal_man

        Now if only Obama would say the same thing, you’d be a block of ice.

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