Words of wisdom from Bono

From the WSJ

""Bono has learned much about music over more than three decades with U2. But alongside that has been a lifelong lesson in campaigning—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."

"Job creators and innovators are just the key, and aid is just a bridge," he told an audience of 200 leading technology entrepreneurs and investors at the F.ounders tech conference in Dublin. "We see it as startup money, investment in new countries. A humbling thing was to learn the role of commerce.""

Words of wisdom from George McGovern

From the Wall Street Journal

"McGovern was an honest, good-humored man, and one of our memories involves an op-ed he wrote for the Journal in 1992 on the perils of running a small business. After retiring from the Senate, he fulfilled a lifetime ambition to buy and operate the Stratford Inn in Connecticut. The inn failed, in part due to a recession that was more severe in New England than elsewhere, but also because of the burdens imposed by government.

"My business associates and I also lived with federal, state and local rules that were all passed with the objective of helping employees, protecting the environment, raising tax dollars for schools, protecting our customers from fire hazards, etc.," he wrote.

"While I never have doubted the worthiness of any of these goals, the concept that most often eludes legislators is: 'Can we make consumers pay the higher prices for the increased operating costs that accompany public regulation and government reporting requirements with reams of red tape.'" The entire op-ed is available on OpinionJournal.com.

McGovern conceded that he had come to this wisdom late in life, but it's a wisdom that his liberal party heirs could profit from today."