Bono 4 Capitalism

Amazing timing.

I had a conversation about the band, U2’s, lead singer, Bono, with a co-worker. I quipped that I thought it was funny how Bono made so much money from commerce while being so critical of commerce.

Then I read this post at The Pretense of Knowledge, about the reformed Bono, who now recognizes that commerce and capitalism is key for lifting folks from poverty and creating prosperity.

Not only that, it’s as if he heard me poking fun at him. From the article:

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.”

I think this is good news and bad news.

It’s good news that a popular entertainer gets it now. Maybe someone will listen to him. It’s also good news that someone like Bono admitted to changing his mind. We don’t see enough of that.

It’s bad news that it took him so gosh darned long to figure it out. That’s a key reason folks the world over try to restrain capitalism — they don’t understand it, even when it provides them with so much prosperity.