Bono challenges capitalism at Davos

Bono went to Davos and gave the rich and powerful a masterclass on inequality.

Transcript

00:00Capitalism is not immoral. It's amoral. It requires our instruction.

00:17We have to just ask ourselves deeper questions about where we are with the project called capitalism.

00:24Capitalism is not immoral. It's amoral. It requires our instruction.

00:34Capitalism has taken more people out of poverty than any other ism.

00:41But it is a wild beast, and if not tamed, it can chew up a lot of people along the way.

00:52In fact, those people's lives that it has chewed up are pushing the politics in our homes towards populism.

01:01So I think we have to think about the private sector, but we have to have some humility about what we can achieve in the private sector.

01:10But if you can unlock it, it's amazing what we can pull off.

01:20But it will need a change, and it will be uncomfortable, perhaps, for people to get there, including jumped-up little rock stars.

01:50If Africa fails, Europe cannot succeed.