Bono defends Ireland’s low taxes

Bono participates on a panel discussing Mobilizing for Impact at the Clinton Global Initiative annual meeting in New York.
Adam Jeffery | CNBC

One of the depressing things about conferences like the Clinton Global Initiative meeting taking place near Times Square this week is the oppressive lack of controversy. Everyone is so supportive of the good deeds and progressive projects of everyone else that it's easy to forget that real controversies exist even among the would-be world-improvers.

Fortunately, we have Bono to liven things up.

Bill Clinton was late to the first panel of the day at CGI. After a minute of waiting for the former president to take the stage, Bono decided to take his place.

In a perfect imitation of Clinton's drawl, Bono said: "When I first met Bono, he walked into the Oval Office and I thought he was a member of his road crew. He wasn't dressed right. By God, I felt like the rock star that day."

The dirty little secret about Bono is that he's a capitalist. It's a reluctant sort of capitalism, of course. But it's deeply embedded.

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