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Bono: Capitalism Not Immoral, It's 'Amoral,' Needs Taming

Bono: Capitalism Not Immoral, It's 'Amoral,' Needs Taming

Wednesday, 23 January 2019 08:40 AM

Bono, who has been a prominent campaigner on development issues for decades, says capitalism is not immoral: "It's amoral."

Speaking at the World Economic Forum, the U2 frontman said capitalism has taken more people out of poverty than "any other ism" but that "it is a wild beast and if not tamed it can chew up a lot of people on the way."

Those who have not benefited from capitalism are, he said, driving "the politics in our home towards populism."

Bono also said that he's had a change of heart with regard to the International Monetary Fund, an institution he once considered to be the "Great Satan" for its "bullying of junior economies."

Heaping praise on IMF managing director, Christine Lagarde, Bono said the IMF has changed.

The development community, he said, values Lagarde's "tough mindedness" but he added he would still be on her "case."

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Bono, who has been a prominent campaigner on development issues for decades, says capitalism is not immoral: "It's amoral."
EU, Davos, The Latest
147
2019-40-23
Wednesday, 23 January 2019 08:40 AM
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