Bono: ‘Capitalism Takes More People Out of Poverty Than Aid’

U2 frontman Bono, who is also an investor, philanthropist, and Christian told students at Georgetown University that real economic growth, not government aid, is what lifts people and countries out of poverty long-term, emphasizing that “entrepreneurial capitalism” is the key to prosperity.

“Some of Africa is rising, and some of Africa is stuck,” said Bono while speaking at Georgetown’s McDonough School of Business to about 700 students. “The question is whether the rising bit will pull the rest of Africa up, or whether the other Africa will weigh the continent down. Which will it be? The stakes here aren’t just about them.”

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