Monday, November 25, 2013

A Little Late but More Than Happy to Hear it Now

"Commerce is real. That's what you're about here (in the U.S.). It's real. Aid is just a stopgap. Commerce and entrepreneurial capitalism brings more people out of poverty than aid. Of course we know that.......In dealing with poverty here and around the world, welfare and foreign aid are a Band-Aid. Free enterprise is a cure." Bono at Georgetown University, 2012


dmarks said...

He's been around the world enough to know that the authoritarian, top-down approach of the progressives/socialists/fascists/control-freaks simply doesn't work.

Commerce is the ticket, not control.

Will "take no prisoners" Hart said...

And the countries that rely on foreign aid tend to poorer over time while those that rely on free trade, property rights, enforceable contracts, etc. tend to get richer.

BB-Idaho said...

Has Bono talked to Pope Francis ?

Will "take no prisoners" Hart said...

The pope is a little isolated, I would say.

dmarks said...

Long as the Pope is calling for the rich to help the poor.

And if he is not calling for the progressive solution: which is for the rich (and everyone else) to pay tribute to the rulers that claim they are helping the poor. And these rulers only end up helping themselves.

Progressivism is a very successful form of economic fascism, and easily fools the gullible... the type who will smile thoughtfully at any tyrant who says "I am doing this to help you"