Wednesday, October 26, 2022

Bono of globalization and inequality

See Bono Is Still Trying to Figure Out U2 and Himself by David Marchese of The New York Times. Excerpts:

"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. 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. 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."

"Capitalism is a wild beast. We need to tame it. 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 business people, but if you’re bringing jobs to a community and treating people well, then you are a hero."

"In Ireland, globalization has helped move our country from despair and dire poverty. Hard for me to get angry about that."

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