How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class (Hardcover)

By John Hope Bryant, Andrew Young (Foreword by)
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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 70 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 1 percent or even the 99 percent but for the 100 percent. This is a free enterprise approach to solving the problem of poverty and raising up a new America.

About the Author

John Hope Bryant is an entrepreneur, author, and advisor and one of the nation s most recognized empowerment leaders. He is the founder, chairman, and CEO of Operation HOPE and Bryant Group Companies. Recognized as one of Time magazine s 50 for the Future leaders, Bryant is the author of Love Leadership and is the only African-American bestselling business author. He served as chairman of the President s Advisory Council on Financial Capability, Subcommittee on the Underserved and Community Empowerment, and was appointed by President Obama in 2014 as a member of the President s Advisory Council on Financial Capability for Young Americans. He is also cofounder of the Gallup-HOPE Index, the only national research poll on youth financial dignity and youth economic energy in the United States.

Andrew Young was John Edwards's longest serving and most trusted aide. He raised more than $10 million for the politician's various causes and played a key role in Edwards's efforts to become president of the United States.
Product Details
ISBN: 9781626560321
ISBN-10: 1626560323
Publisher: Berrett-Koehler Publishers
Publication Date: June 2nd, 2014
Pages: 160
Language: English