Home
/
RELIGION & LIBERTY ONLINE
/
Bono: ‘Entrepreneurial Capitalism’ Is Necessary
Bono: ‘Entrepreneurial Capitalism’ Is Necessary
Oct 28, 2025 11:34 AM

As we noted yesterday, rock star Bono is now preaching the good of capitalism in alleviating poverty. James Pethokoukis at AEI illustrates exactly what happened in China when the power of entrepreneurial capitalism was unleashed.

Bono spoke on the topic of capitalism and poverty at the 2012 Global Social Enterprise Event at Georgetown University:

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Rev. Robert Sirico on socialism and the religious left in the Detroit News
The Detroit News has published an opinion piece by Fr. Robert Sirico on our increasingly contentious public discourse, socialism, and the religious left titled ‘The dangers of creeping toward socialism’: The popes have traditionally condemned socialism in the strongest possible terms as being patible with Christianity, because its concept of society itself is utterly foreign to Christian truth. This irreconcilability to Christianity is related to socialism’s deep-seated materialism. In reducing human persons and society to the product of economic forces,...
Aldi and the virtues of ‘brutal efficiency’
In recent years, we’ve witnessed a food revolution of sorts, leading to expansive consumer choice and an increasing emphasis on healthy or specialty foods that are locally and ethically sourced. In turn, a flurry of grocery chains have capitalized on such trends, with some stuffing their aisles with countless brands as others focus on “socially conscious” goods at luxury prices. Meanwhile, petitor, Aldi, has been seizing market share by taking an entirely different approach: bold simplicity, hyper-efficiency, and low prices....
Tocqueville and Novak at the Heritage Foundation
This week, I gave a public lecture at the Heritage Foundation as part of its speakers’ series on the theme “Free Markets: The Ethical Economic Choice.” At a time in which many Americans, at least according to opinion polls, say that they are attracted to socialism, I thought it would be helpful to consider what two observers of socialism, the French political philosopher Alexis de Tocqueville and the American theologian Michael Novak, had to say about this subject. There are...
5 takeaways from the European Union last election
Rubber Wall? Although populists have won in many countries — Salvini in Italy, Le Pen in France, Farage in the United Kingdom, Nationalists in Belgium, Law and Justice in Poland, and Orban in Hungary — everything points out that little will change in the distribution of power and in the political dynamics within the European Union. The European unification project is authoritarian, and the European Parliament is a decorative body, practically irrelevant. The Eurocrat establishment is a rubber wall, no...
Pope Francis on ‘fake charity’
At the recent Vatican meeting of Catholic Charities Pope Francis praised the participants for their concern for the poor and marginalized, but warned them of the danger of “fake charity.” Carol Glatz writes in Catholic Herald: Charity is not a sterile service or a simple donation to hand over to put our conscience at ease,” he said. “Charity is God our Father’s embrace of every person, particularly of the least and those who suffer.” The church is not a humanitarian...
Many Americans see religious discrimination in U.S.
Americans say some religious groups continue to be discriminated against and disadvantaged, according to recent surveys by Pew Research Center. The surveys asked Americans which of three religious groups face discrimination: Jews, Muslims, and evangelical Christians. More than three-in-four Americans (82 percent) say Muslims are subject to at least some discrimination, and a majority says Muslims are discriminated against a lot. These results have not changed since the question was asked in 2016. Roughly two-thirds of Americans (64 percent) also...
Author of ‘Aquinas and the Market’ wins Vatican’s Economy and Society prize
Yesterday, Prof. Mary Hirschfield of Villanova University received the prestigious “Economy and Society International Prize”, a €30,000 biennial award given by the Vatican’s Centesimus Annus Foundation. The dual doctoral degree holder in economics and theology was granted the prize money for her groundbreaking book Aquinas and the Market: Toward a Humane Economy (Havard University Press, 2018). The foundation’s fourth edition of the prize was attended by over one-hundred dignitaries, including fellow economists and theologians who had previously gathered for its...
Acton Line podcast: A pretty good Tolkien movie; Public truths in the Gospel
On this episode of Acton Line, Bradley J. Birzer, History professor and the Russell Amos Kirk Chair in American Studies at Hillsdale College, joins the podcast to talk about the movie ‘Tolkien,’ explaining what the film got right about the life of British author J.R.R. Tolkien and what the film missed. Afterwards, Bruce Ashford, professor of theology and culture at Southeastern Baptist Theological Seminary, talks about his new book, “The Gospel of our King,” and how Biblical narrative relates to...
Bernie Sanders’ socialist utopia crumbles
When asked to name a successful example of democratic socialism, one nation always rises to the top of the list: Denmark. However, a Reuters news story shows that the socialists’ model nation is providing fewer and fewer services to citizens despite its hefty tax bill. Aase Blytsoe, a 92-year-old pensioner with dementia, is one example. Her apartment will be cleaned 10 times a year, about half as often as it had been. Making up the difference would cost more than...
Video: Cory Booker makes the case for school choice in Grand Rapids (October 2000)
Sen. Cory Booker, then a Newark city councilman, made the case for school vouchers at an Acton sponsored October 2000 event at the Wealthy Theater in Grand Rapids saying, “The cost of not doing the program is having continuing generations of kids chained to failing schools when they could be easily liberated if the parents were given the right to choose where they go with their money.” School vouchers were then a hot topic in Michigan as Michiganders were debating...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved