By Web Summit, CC BY 2.0
What do Bono and Milton Friedman have in common?
Which one of them said,
- “There’s no such thing as a free lunch.”
- “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”
- “Underlying most arguments against the free market is a lack of belief in freedom itself.”
Milton Friedman was a very bright, professional economist. He won the 1976 Nobel Prize. He was described by The Economist as “the most influential economist of the second half of the 20th century … possibly of all of it.” [Wikipedia]
From an economist of Friedman’s stature and erudition we expect such pithy insights. We don’t anticipate equal substance from professional entertainment celebrities who are amateur economists.
But Bono might surprise you.
Two years ago we published The Rock Star Who Preached Capitalism. That post referenced the singer’s “conversion” from regarding government as the solution to the world’s ills, to a more realistic (read biblical) perspective.
What perspective is that? The cultural mandate (Gen 1:27-28) combined with human freedom. When paired, these amount to capitalism (to quote Bono).
Notwithstanding the corruption of capitalism (e.g. crony capitalism, predatory capitalism, hedonistic consumerism), free markets have done more than any other economic system to produce the bounty of God’s intentions to “fill the earth.”
When a public figure like Bono grasps that, the message gets out.
Click the video and hang on!
- Gary Brumbelow