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 Rockstar Capitalism in the Developing World

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PostSubject: Rockstar Capitalism in the Developing World   Rockstar Capitalism in the Developing World Icon_minitimeMon Jul 22, 2013 8:08 am
The three quotations below carry virtually the same message, yet come from very different sources:

"Aid is just a stop-gap. Commerce [and] entrepreneurial capitalism takes more people out of poverty than aid."
"In dealing with poverty here and around the world, welfare and foreign aid are a Band-Aid. Free enterprise is a cure."
"Entrepreneurship is the most sure way of development."

On November 12, in a speech at Georgetown University, U2's Bono (quote #1) discussed the role of enterprise and capitalism in alleviating global poverty. For a rock star whose travels to developing nations and advocacy of foreign aid are well known, this recent focus on commerce has surprised many observers—and apparently the man himself:

More: http://www.valuesandcapitalism.com/dialogue/global-affairs/rockstar-capitalism-developing-world
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