Acton Institute Powerblog Archives

Post Tagged 'one campaign'

Bono, Babel, and the Myth of Economist as Savior

Bono, lead singer of U2 and co-founder of charity-group ONE, recently offered some positive words about the role of markets in reducing global poverty and spurring economic development (HT): The Irish singer and co-founder of ONE, a campaigning group that fights poverty and disease in Africa, said it had been “a humbling thing for me” to realize the importance of capitalism and entrepreneurialism in philanthropy, particularly as someone who “got into this as a righteous anger activist with all the cliches.” “Job creators and innovators are just the key, and aid is just a bridge,” he told an audience of 200 leading technology entrepreneurs and investors at the F.ounders tech conference in Dublin. Continue Reading...

World to Church: “Well done.”

If there’s anything that the church should really be striving for, it’s approval from secular groups: “An official with the One Campaign, the global anti-poverty program backed by rock star Bono, said that his organization strongly supports the Christian Reformed Church’s Sea to Sea 2008 Bike Tour.” I guess who tells you “Well done, good and faithful servant!” is illustrative of who is your master. Continue Reading...

One Campaign Remix

I can’t offer a wholesale endorsement, but it’s a critique worth a hearing…give it a watch. See here for Acton’s answer to the One Campaign. HT: eucharism Continue Reading...

Geldof Trades Up

Sir Bob, Free Trader? The May 16 Independent is guest-edited by the ubiquitous Bono and sports the RED brand–another Bono project where a share of the profits from the mag will be donated to fighting AIDS and poverty in Africa. Continue Reading...

The Myth of Aid

John Stossel has made an excellent and noteworthy journalistic career by going where the evidence takes him. He possesses an intellectual honesty and curiosity that is refreshing, especially when compared to the banal talking head syndrome which dominates most main stream media. Continue Reading...

Aid and the Mystery of Capital

Bono and the One Campaign want us to sign a petition encouraging the government to spend 1 percent of the U.S. budget for aid to developing countries. The One Campaign states that this would “transform the futures and hopes of an entire generation of the poorest countries.” Now I admire the intentions of Bono to fight against poverty and he puts his money where is mouth is. Continue Reading...

Economic Advice Pro Bono

An interesting piece in Tuesday’s Financial Times (registration req.) by Jagdish Bhagwati, economist at Columbia University. In the form of a letter to U2 front man Bono, Dr. Bhagwati offers a (I think) stinging criticism of attempts to save Africa through appeals for more governmental spending. Continue Reading...

Beginning “The End of Poverty”

Bono and Sachs: Does The Edge feel left out? Although I am a year behind here, I have just started reading Jeffrey Sachs’s The End of Poverty: Economic Possibilities for Our Time, paperback just released by Penguin (with a foreword by Bono!). Continue Reading...

Aid Does Not Equal Growth

The traditional formula for understanding the relationship between the developed and the developing world is the following: Aid = Economic Growth. That is, foreign aid spurs economic development in poorer nations. Continue Reading...