‘Capitalism is not immoral – it’s amoral, ’ Bono tells Davos audience

Davos 2019: U2 frontman calls on business leaders to join fight against extreme poverty

Updated: Wed, Jan 23, 2019, 11:40
Joe Brennan in Davos

Speaking at at the World Economic Forum in Davos, U2 singer Bono said that 'capitalism is not immoral – it’s amoral, ’ and needs to change to help the less fortunate. Video: World Economic Forum

U2 frontman and social activist Bono endeared himself to an audience of global business leaders at the World Economic Forum in Davos on Wednesday when he said that capitalism is “not immoral” as he called on them to join the fight against extreme poverty in Africa and Aids.

“Capitalism is not immoral – it’s amoral. It requires our instruction,” Bono said on a Davos panel discussing how to fill a multitrillion-dollar financing gap in the achievement of a UN goal to end poverty globally by 2030. “Capitalism has taken more people out of poverty than any other ‘ism’. But it is a wild beast that, if not tamed, can chew up a lot of people along the way.”

Please subscribe or sign in to continue reading.
Need some help?
only €1 first month

Insightful opinion is just a away.