It’s been more than two decades after his band’s last decent record but U2 frontman Bono is as popular as ever with the high-rolling globalist pigs that regularly descend on Davos in the Swiss Alps for their annual gathering.
The 58-year-old whose real name is Paul Hewson remains as a massive scold who can’t help but insert himself into domestic American politics where like most celebs, he is given an outsized importance.
Bono’s latest? How about blasting the same capitalist system that made him into a very wealthy man.
— Reuters TV (@ReutersTV) January 23, 2019
Capitalism is the best economic system for wealth creation, but it can come at a cost, according to U2 singer, social activist, and investor Bono.
“It’s a wild beast, and if not tamed, can and has chewed up a lot of lives,” Bono said in a CNBC interview from the World Economic Forum in Davos, Switzerland.
“Though it has taken more people out of extreme poverty that any other ‘ism,’ it’s caused a lot of damage, a lot of harm,” he said in the interview, which aired Thursday. “We need to re-imagine it, repurpose it, remake it, in our own image and the image of this new generation coming through that really, really want their world back.”
To that end, Bono and private equity giant TPG are partnering on a new organization, called Y Analytics, to develop metrics for analyzing the impact of social and environmental investments. The goal is for economists and researchers to work with investors to make decisions that benefit society in addition to scoring high financial returns.
While not a full-throated endorsement of the socialism that is devouring the USA, it is certainly full-throated hypocrisy from a guy who like obese propagandist Michael Moore has done pretty damn well under capitalism.