Bono Quotes
When a nation is over-reliant on one or two commodities like oil or precious minerals, corrupt government ministers and their dodgy associates hoard profits and taxes instead of properly allocating them to schools and hospitals.
Bono. "The New Transparency." The Huffington Post, 16 June 2013.
The Trinh controlled North Vietnam while the Nguyen Lords controlled the South—the origin of the division of Vietnam. The Le Kings had little authority anywhere.
If a state has substantial natural resources, the rulers and their close supporters can generate enough revenue for themselves without worrying about the industrialization of the nation, education, economic development which requires the health and education of the population. As a result, while “rentier” states seem rich, they very rarely improve the quality of life of most of their citizens.
Paul David Hewson, known by his stage name Bono (/ˈbɒnoʊ/), is an Irish singer-songwriter, activist, philanthropist, venture capitalist, businessman, and actor. He is best known as the lead vocalist and primary lyricist of rock band U2.