- The Washington Times - Thursday, January 24, 2019

U2 frontman Bono declared Wednesday at the World Economic Forum in Davos, Switzerland, that capitalism isn’t “immoral,” it’s “amoral.”

“We have to just ask ourselves deeper questions about where we are with the project called capitalism,” the singer and One co-founder told an audience of global business leaders on a panel discussing how to end global poverty. “You know, capitalism is not immoral — it’s amoral. It requires our instruction.

“Capitalism has taken more people out of poverty than any other ‘ism,’ but it is a wild beast and if not tamed it can chew up a lot of people along the way,” Bono argued on the panel that included Managing Director of the IMF Christine Lagarde and Rwanda President Paul Kagame.

“And in fact those people’s lives that it has chewed up are pushing the politics in our homes towards populism,” he said.

Bono made similar comments during a panel discussion with former British Prime Minister David Cameron at the 2014 World Economic Forum, saying, “Capitalism can be a great creative force but it can be a destructive force. It is not immoral but it is amoral, we need to give it some instructions,” TheJournal.ie reported.



The singer’s comments Wednesday came two days after newly elected congresswoman and Democratic darling Alexandria Ocasio-Cortez argued that a society that “allows billionaires to exist” while some Americans live in abject poverty is “immoral.”

“I’m not saying that Bill Gates or Warren Buffett are immoral, but a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because they don’t have access to public health is wrong,” Ms. Ocasio-Cortez said during an event honoring Martin Luther King Jr.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide