Switzerland: Capitalism not immoral, it's amoral — U2 frontman Bono

SOT, Christine Lagarde, Managing Director of the IMF: «[Michel] Camdessus?» SOT, Bono, musician and development campaigner: «Camdessus, I remember going to see him and I was expecting Satan to welcome me and this very sweet French man with like Buddhist beads said 'hello, can I help you?'. And I said 'well, not me but there's lots to do' and you really just want to say, we in the development... Еще community we really, really value your tough mindedness and all of that, it's really good. And as I said you know, we'll still be on your case, I just wanted to say that.» *MULTIPLE SHOTS AT SOURCE* U2 singer Bono, a prominent campaigner on development issues for decades, said capitalism is not immoral but rather amoral during a panel at the World Economic Forum in Davos on Wednesday. The U2 frontman said capitalism has taken more people out of poverty than «any other -'ism'» but that «it is a wild beast and if not tamed it can chew up a lot of people on the way.» Those who have not benefited from capitalism are, he said, driving «the politics in our home towards populism.» Bono also said that he's had a change of heart with regard to the International Monetary Fund, an institution he once considered to be the «Great Satan» for its «bullying of junior economies.» Heaping praise on IMF managing director, Christine Lagarde, Bono said the IMF has changed. The development community, he said, values Lagarde's «tough mindedness» but he added he would still be on her «case.»

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