Bono: “Capitalism takes more people out of poverty than aid”

“Bono (nee Paul David Hewson) is the lead singer in the rock group U2, one of the most successful rock groups in history. Bono also became a major proponent of greatly expanded U.S. foreign aid and other government programs (including debt cancellation) to alleviate the dire plight in the world of HIV/AIDS, malaria, abject poverty, and other issues.  In a speech at Georgetown University, Bono altered his economic and political views and declared that only capitalism can end poverty. ‘Aid is just a stopgap,’ he said. ‘Commerce [and] entrepreneurial capitalism take more people out of poverty than aid. We need Africa to become an economic powerhouse.'”

http://blog.independent.org/2013/08/12/bono-capitalism-takes-more-people-out-of-poverty-than-aid/

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