'Capitalism is not immoral - it's amoral, ' Bono tells Davos audience -- Society's Child -- Sott.net

U2 frontman and social activist Bono endeared himself to an audience of global business leaders at the World Economic Forum in Davos on Wednesday when he said that capitalism is "not immoral" as he called on them to join the fight against extreme poverty in Africa and Aids.

"Capitalism is not immoral - it's amoral. It requires our instruction," Bono said on a Davos panel discussing how to fill a multitrillion-dollar financing gap in the achievement of a UN goal to end poverty globally by 2030. "Capitalism has taken more people out of poverty than any other 'ism'. But it is a wild beast that, if not tamed, can chew up a lot of people along the way."

Bono, co-founder of One, a global campaign and advocacy organisation with more than 10 million members seeking to end extreme poverty, said that the negative forces of unfettered capitalism have driven an international move towards populism.

The singer said public-sector spending - as the Global Fund to Fight Aids, Tuberculosis and Malaria, for example, is currently seeking to raise $14 billion to save an estimated 16 million lives - is the most vulnerable as governments in developed states in Europe grapple with domestic problems such as homelessness.

However, he said, "If Africa fails, Europe cannot succeed."

Reader Comments

gdpetti · 2019-01-25T20:55:38Z

Basic useful idiot.... but he's got one good point.. the 'isms are just the tools, not the users.... don't blame the tool, blame its user... who controls this tool called capitalism? Bono most likely isn't required nor able to speak on that.... being a tool himself of those same users.

StarEater · 2019-01-25T21:35:06Z

Best comment this year. Thanks gdpetti

imson · 2019-01-25T22:47:07Z

gdpetti Yep, he's definitely a tool

Highland Fleet Lute · 2019-01-25T21:58:02Z

Boneo's teeth look like they're falling out. That's what you get for going vegan, ye puffed up, formatory, ideological chump, ye.

Joke...

Bono and The Edge walk into a pub, and the barman says...

"Oh no, not U2 again."

LMAO · 2019-01-25T22:44:20Z

Highland Fleet Lute Bahahahaha...loved it lol

Highland Fleet Lute · 2019-01-25T22:29:20Z

A friend of mine was outraged that U2's last album automatically appeared, unrequested, on her iPhone.

"THE F*CKING NERVE!!!!!"

She said.

LMAO · 2019-01-25T22:45:17Z

Highland Fleet Lute Hey,i had same thing with an album of theres,worst part was,i didnt even like one song on it...no wonder it was free

Highland Fleet Lute · 2019-01-25T23:32:29Z

Ireland seems to be top of the league when it comes to vom-inducing, dumb-ass, self-righteous-arsehole rock stars.

Boneo

Sir Bob Geldof

Sinead O' Connor

The f*cking Cranberries.

Highland Fleet Lute · 2019-01-26T07:11:48Z

"However, he said, "If Africa fails, Europe cannot succeed."

It's pretty much established that Bono's 'vision' for ending world hunger via 'moral capitalism' consists of little more than "Let them eat Monsanto"....

“I thought it was pretty silly of me to, on the one hand, raise awareness of the plight of our hungry in Africa while, on the other hand, continue eating meat, dairy and eggs which require enormous quantities of Africa’s grain and plants in their production. I suppose you could say that I have quite literally seen the light through my shades.”

T'ick fook.