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U2 Singer Bono Says He Now Realizes Capitalism Helps Poor People, Not Socialist 'Redistribution of Resources' (Video)
Right News Now ^ | 10-25-2022 | Becca London

Posted on 10/26/2022 9:01:32 AM PDT by montag813

by Becca London | RNN

Bono, the lead singer of U2, said that he has realized the redistribution of resources won't help poor people the way that commerce and entrepreneurial capitalism will help them.

The iconic musician and humanitarian made the comments during an interview with the New York Times published Monday. He talked about starting out as a left-wing activist but eventually realizing that capitalism helps the most poor people.

"I ended up as an activist in a very different place from where I started. I thought that if we just redistributed resources, then we could solve every problem. I now know that’s not true," Bono explained.

"There’s a funny moment when you realize that as an activist: The off-ramp out of extreme poverty is, ugh, commerce, it’s entrepreneurial capitalism," he added. "I spend a lot of time in countries all over Africa, and they’re like, eh, we wouldn’t mind a little more globalization actually. I would point out that there has been a lot of progress over the years."

He went on to point out that businesspeople are heroes because they bring jobs to communities.

"Capitalism is a wild beast. We need to tame it," Bono said. "But globalization has brought more people out of poverty than any other -ism. If somebody comes to me with a better idea, I’ll sign up. I didn’t grow up to like the idea that we’ve made heroes out of businesspeople, but if you’re bringing jobs to a community and treating people well, then you are a hero. That’s where I’ve ended up."

He also said he doesn't like seeing people wear shirts with the visage of Che Guevara, the communist fighter who helped a dictatorship seize control of Cuba.

(Excerpt) Read more at rightnewsnow.org ...


TOPICS:
KEYWORDS: bono; capitalism; newyork; newyorkcity; newyorkslimes; newyorktimes; socialism; u2
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To: ClearCase_guy
Leave the US alone: we aren’t the problem.

W R O N G ! There isn't a problem. There are problems in this world,
but Climate Change / CO2 isn't one of them.

Please stop buying into the B.S.

41 posted on 10/26/2022 9:33:20 AM PDT by StACase (CO2 is NOT a Problem)
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To: Kaiser8408a

Is it ok to go to U2 concerts again?


42 posted on 10/26/2022 9:34:46 AM PDT by wareagle7295
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To: montag813

Bono and U2 dodge all Irish taxes. They have 3-4 corporations in Holland. This is called a Dutch sandwich

Bono sez..... My globalist schemes. You pay for them, not me
_________

U2 face closure of loophole they used to avoid paying …

https://www.irishtimes.com/business/media-and...
2/27/2018 · The EU views the Netherlands as a low-tax jurisdiction. The country offers breaks to multi-nationals that set up head offices there. It was the “meat” in the double-Irish Dutch sandwich, a ...

Bono defends U2’s tax arrangements as ‘sensible’ - the …

https://www.theguardian.com/music/2015/may/15/bono...
5/15/2015 · Bono, whose real name is Paul Hewson, was forced to respond on Friday to further questions about the band’s tax arrangements in an interview as U2’s latest world tour got under way. A long ...


43 posted on 10/26/2022 9:37:46 AM PDT by dennisw (Never attribute to stupidity, what can be attributed to malice)
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To: montag813

Good for Bono. Glad he came around. I hope he can persuade many others to see things the same way.

Many years ago, the Catholic church published an encyclical on the subject of free enterprise versus socialism which came down strongly on the side of free enterprise. I wonder if Bono may have been influenced by it.


44 posted on 10/26/2022 9:42:02 AM PDT by Yardstick
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To: montag813

Please don’t believe this BS.

He isn’t talking about free market capitalism. He is referring to the new “stakeholder” or “inclusive” capitalism. It is just fascism rebranded since “the state” can’t coordinate with business to run the economy in a global marketplace. They are replacing the state with the NGOs and billion dollar multinational corporations to achieve the same end.

Bono has not turned into a good guy or seen the light all of a sudden.

Read up on what he is referring to here:

https://www.inclusivecapitalism.com/


45 posted on 10/26/2022 9:42:30 AM PDT by nitzy
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To: montag813

I have nothing for U2, or Bono....., and yes, I have seen them live.

Shut up and sing.


46 posted on 10/26/2022 9:43:33 AM PDT by tanstaafl.72555
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To: montag813

I didn’t grow up to like the idea that we’ve made heroes out of businesspeople, but if you’re bringing jobs to a community and treating people well, then you are a hero. That’s where I’ve ended up."/

Capitalism teaches people to do 'favors' for each other - - then creates the system for keeping track of those favors - what we call 'money'. It's the sanest, most civilized form of humanitarian assistance the world has seen... I suspect Bono got a lot of this sublimely from Leonard Cohan - a fierce anti communist...

47 posted on 10/26/2022 9:44:27 AM PDT by GOPJ (Joe's infrastructure bill - 20 Million$ heated sidewalk in Berlin New Hampshire only project started)
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To: montag813

I didn’t grow up to like the idea that we’ve made heroes out of businesspeople, but if you’re bringing jobs to a community and treating people well, then you are a hero. That’s where I’ve ended up."/

Capitalism teaches people to do 'favors' for each other - - then creates the system for keeping track of those favors - what we call 'money'. It's the sanest, most civilized form of humanitarian assistance the world has seen... I suspect Bono got a lot of this sublimely from Leonard Cohan - a fierce anti communist...

Socialims allows 'elites' to 'feel good about themselves' while they bask in unearned power. Capitalism makes 'elites' feel crappy but allows dignity for all the rest of us.

48 posted on 10/26/2022 9:46:43 AM PDT by GOPJ (Joe's infrastructure bill - 20 Million$ heated sidewalk in Berlin New Hampshire only project started)
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To: montag813
“If a man is not a socialist by the time he is 20, he has no heart. If he is not a conservative by the time he is 40, he has no brain.”

It took Bono 22 extra years to catch up to Churchill…

49 posted on 10/26/2022 9:52:16 AM PDT by Magnatron
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To: montag813

From about 50 years ago:

https://genius.com/Ten-years-after-id-love-to-change-the-world-lyrics


50 posted on 10/26/2022 9:52:30 AM PDT by sasquatch
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To: montag813

I guess there are some socialists that are coming after HIS stuff now, time for the pivot.


51 posted on 10/26/2022 10:00:14 AM PDT by TexasM1A
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To: Magnum44

globalization has brought more people out of poverty than any other -ism.

/\

Globalism is not capitalism.

He writes heart tugging lyrics for a living.

The verses say one thing

His chorus says another.

It’s a bono fide head fake.


52 posted on 10/26/2022 10:04:11 AM PDT by cuz1961 (USCGR Veteran )
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To: montag813

Never cared for that pompous ass.
Another save the world, in his private jet, liberal jerk.


53 posted on 10/26/2022 10:27:44 AM PDT by Fireone (When they pry them from my cold, dead, unvaccinated hands.)
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To: Magnum44

“Wow, when you can convince Bono that socialism is bad, that is sayin something.”

Hypocrite Bono has known that for a long time. It just wasn’t professionally feasible to go there at the time.

Look back to 2006 when U2 moved its music businesses from Ireland to Netherlands to avoid paying higher Irish taxes. At the same time, asking Ireland to do more in helping underdeveloped countries.

But that was with OPM (Other people’s money)

Smart business move for U2, but not in line with how he lectured others.


54 posted on 10/26/2022 10:34:05 AM PDT by Zack Attack
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To: montag813

uh, oh.....someone’s coming for Bono’s money. :)


55 posted on 10/26/2022 10:46:32 AM PDT by ronniesgal (Just GET A JOB already. )
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To: montag813

Didn’t Bono escape poverty through Capitalism many years ago and he is just realizing this?


56 posted on 10/26/2022 10:46:33 AM PDT by Hyman Roth
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To: montag813

Bookmark


57 posted on 10/26/2022 10:58:42 AM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how thery control you. )
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To: montag813

After becoming a billionaire selling something people want, he just now realized the power of capitalism? Better late than never.


58 posted on 10/26/2022 11:06:37 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: montag813

Bono Is borderline retarded if he has to be almost 60 years old to figure this out.


59 posted on 10/26/2022 11:09:36 AM PDT by WMarshal (Neocons and leftards are the same species of vicious rat.)
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Comment #60 Removed by Moderator


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