© The IndependentThe musician echoed the comedian’s sentiments, warning that the current democratic system “may not be viable for much longer”
If anyone was set to back Russell Brand's impassioned call for political revolution, as outlined in an essay for the New Statesman
in November 2013, we'd have put money on Sir Bob Geldof doing the honours.
The Boomtown Rats frontman and political activist echoed the comedian's sentiments, warning that the current democratic system "may not be viable for much longer". He also praised Brand for his "articulacy and expressing the anger of the moment".
"We have to change and it needs to be in the context of how we live now rather than with some old-hat political ideal," Geldof told the Huffington Post UK.
He went on to condemn capitalism as a failure. Banks, he says, have been allowed to go "out of control", while pure human greed has led to the invention of "completely spurious" financial products.
"They ceased to [give money to others] and gave it to themselves through fraud, outright international global gangsterism
," he claimed.
"That's what it was," he continued on the subject of the recent banking crisis. "Mispricing of products, fraud. Mis-selling of products, fraud. Fixing the interbank lending rate.
"Fraud. It was fraud on an unprecedented scale! They sucked billions out of the world economy, destroying individuals, companies and countries.
"Russell [Brand] is completely right. That model cannot sustain us as we saw, it bankrupted Greece, almost Italy, almost France and almost Ireland. It just can't work."