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How the Poor Can Save Capitalism

Rebuilding the Path to the Middle Class

ebook
1 of 1 copy available
1 of 1 copy available
A successful entrepreneur and nonprofit founder shares his plan of action to help the American economy by assisting America’s poor.
John Hope Bryant, successful self-made businessman and founder of the nonprofit Operation HOPE, says business and political leaders are ignoring the one force that could truly re-energize the stalled American economy: the poor. If we give poor communities the right tools, policies, and inspiration, he argues, they will be able to lift themselves up into the middle class and become a new generation of customers and entrepreneurs.
Raised in poverty-stricken, gang-infested South Central Los Angeles, Bryant saw firsthand how our institutions have abandoned the poor. He details how business loans, home loans, and financial investments have vanished from their communities. After decades of deprivation, the poor lack bank accounts, decent credit scores, and any real firsthand experience of how a healthy free enterprise system functions.
Bryant radically redefines the meaning of poverty and wealth. (It’s not just a question of finances; it’s values too.) He exposes why attempts to aid the poor so far have fallen short and offers a way forward: the HOPE Plan, a series of straightforward, actionable steps to build financial literacy and expand opportunity so that the poor can join the middle class.
Fully seventy percent of the American economy is driven by consumer spending, but more and more people have too much month at the end of their money. John Hope Bryant aspires to “expand the philosophy of free enterprise to include all of God's children” and create a thriving economy that works not just for the one percent or even the ninety-nine percent but for the one hundred percent. This is a free enterprise approach to solving the problem of poverty and raising up a new America.
“Economic immobility is the defining issue of America in the twenty-first century. John Hope Bryant makes an engaging case for why we must make our economy work for everyone. How the Poor Can Save Capitalism is a must-read for business leaders, policymakers, and community leaders who want to make the American Dream a reality for all our children.” —Ben Jealous, former CEO, NAACP
“John and I want the same things. And the goals of this book are the same goals of my Rebuild the Dream campaign. He has provided the road map to economic recovery for this country at a time when economic inequality is at its peak. I, for one, will be following the steps laid out in the HOPE Plan.” —Van Jones, former Presidential Advisor to Barack Obama and current host of CNN’s Crossfire
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    • Publisher's Weekly

      May 12, 2014
      In his encouraging book, Operation HOPE founder and businessman Bryant argues that the mechanisms that enable upward mobility are simple and straightforward: education and guidance in personal finance, banking, and credit score management. With these tools, Bryant believes that the poor and working class can make great entrepreneurs, not in spite of their struggles, but because of them. “Youth from low-wealth communities,” he writes, “are forced to have much stronger coping skills, to deal with difficult people and difficult situations.... Just as loss creates leaders, so too does this sort of sustained adversity management create and cultivate a personality that better manages less-than-perfect circumstances.” Having grown up “in a diverse neighborhood of striving and struggling families,” Bryant writes from a place of authority. However, his ideas about improving financial literacy and expanding opportunity are actionable rather than groundbreaking; the book serves as an effective package for his programmatic plans and a manifesto for his organization. With luck, it will provide the needed instruction to boost working-class communities.

    • Library Journal

      June 15, 2014

      In this very readable short work, Bryant (founder of economic empowerment organization Operation Hope; Love Leadership: The New Way To Lead in a Fear-Based World) lays out his proposals to enable America's economically "struggling" classes to take charge of their economic lives. He argues that social class, rather than race, determines whether Americans will succeed or fail in the current political and economic climate. After working his own way out of poverty, Bryant came to believe that self-esteem, solid role models, and an environment that delivers hope and opportunity are the keys to restoring the American dream. He also gives achievable goals to empower people: promoting self-esteem through financial literacy and entrepreneurial spirit; providing inspiration to demonstrate that hard work and persistence pay off; and helping those left behind to find opportunity, not dependence, and to take control rather than submit to impoverishment. VERDICT Bryant's work is not ideological, partisan, or a panacea; rather it speaks in plain terms about how individuals, with help from society, can rise up out of poverty. A very uplifting and thought-provoking work.--Duncan Stewart, Univ. of Iowa Libs., Iowa City

      Copyright 2014 Library Journal, LLC Used with permission.

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