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Current Events => Economics => Topic started by: Alpha Mare on October 24, 2012, 07:56:55 PM

Title: Bono Gets A Clue?
Post by: Alpha Mare on October 24, 2012, 07:56:55 PM

Quote

Bono's 'Humbling' Realizations About Aid, Capitalism And Nerds

— the activist for poverty reduction in Africa spoke frankly on Friday about how his views about philanthropy had now stretched to include an appreciation for capitalism.

The Irish singer and co-founder of ONE, a campaigning group that fights poverty and disease in Africa, said it had been “a humbling thing for me” to realize the importance of capitalism and entrepreneurialism in philanthropy, particularly as someone who “got into this as a righteous anger activist with all the cliches.”

 A humbling thing was to learn the role of commerce.”

http://www.forbes.com/sites/parmyolson/2012/10/22/bonos-humbling-realizations-about-aid-capitalism-and-nerds/


I think he embraced capitalism when saw his profit margin on his clothing line. (Jeans @ $275 pr. His factory workers average 24 pairs a day & earn less than $100 @mo.)

Title: Re: Bono Gets A Clue?
Post by: ColonelCarrots on October 24, 2012, 08:28:57 PM

My head hurts. Is there something in the water?

Title: Re: Bono Gets A Clue?
Post by: MrsSmith on October 24, 2012, 09:23:49 PM

Quote from: Alpha Mare on October 24, 2012, 07:56:55 PM

http://www.forbes.com/sites/parmyolson/2012/10/22/bonos-humbling-realizations-about-aid-capitalism-and-nerds/


I think he embraced capitalism when saw his profit margin on his clothing line. (Jeans @ $275 pr. His factory workers average 24 pairs a day & earn less than $100 @mo.)

So, some liberals can recognize hypocrisy if enough of it slaps them on the head!!! 

Title: Re: Bono Gets A Clue?
Post by: A7X_foREVer on October 24, 2012, 10:35:49 PM

Quote from: MrsSmith on October 24, 2012, 09:23:49 PM

So, some liberals can recognize hypocrisy if enough of it slaps them on the head!!! 

But that would require some of them to pull their heads out of their ass first

Title: Re: Bono Gets A Clue?
Post by: whiffleball on October 25, 2012, 05:53:20 AM

Maybe his tax troubles contributed to this eye-opener.

Title: Re: Bono Gets A Clue?
Post by: Wineslob on October 25, 2012, 01:57:12 PM

He probably came to the realization that Africa is a shithole. One that has been sucking up money for generations, and no end in sight.