How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class, by John Hope Bryant
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How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class, by John Hope Bryant
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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.
How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class, by John Hope Bryant- Amazon Sales Rank: #224449 in Books
- Published on: 2015-10-05
- Released on: 2015-10-05
- Original language: English
- Number of items: 1
- Dimensions: .50" h x 5.50" w x 8.20" l, .0 pounds
- Binding: Paperback
- 176 pages
Review “John Bryant is what I call a practical idealist who dreams big and then moves with precision to action. He reminds us of the age old adage, ‘if you give a man a fish, you feed him for a day, but if you teach him how to fish, you feed him for a lifetime' because he or she now has the skills and knowledge to become self-determined. One of the few and best plans for addressing poverty is outlined in this book. It lays out a clear and actionable path to address some of the issues that led my father to call for a poor people's campaign shortly before his assassination. You will have a different perspective on poverty and ‘poor people' when you finish reading this book and realize that in order to secure our economy, we must ensure that everyone is given a fair and just opportunity to prosper.”—Dr. Bernice A. King, daughter of Martin Luther King, Jr., and CEO, The King Center“We cannot win the war for good jobs without the inclusion of and capacity building of the poor—this book shows the way and makes a personal, moral, and chiefly economic argument for how the poor can save capitalism.”—Jim Clifton, Chairman and CEO, Gallup, and author of The Coming Jobs War“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“I've known John for a number of years, and hope isn't just his middle name or the name of the organization he founded, it's what he spreads to everyone he encounters. In this book, John articulately describes actionable ways to connect those who are currently disconnected from the economy and in the process provide opportunity for the poor and the business community simultaneously. These practical and innovative suggestions to the private (and public) sector should be heeded and implemented by CEOs across the country.”—Duncan L. Niederauer, CEO, New York Stock Exchange “John Hope Bryant offers a compelling argument to build both capitalism and communities through the advancement of financial literacy among the poor and middle class. With the vision that all people should have the opportunity to participate fully in our economy, he enlivens the American dream.”—William H. Rogers, Jr., Chairman and CEO, SunTrust Banks, Inc. Current Affairs/Business“This book does not attempt to explain all of the economic inequality that exists in today's society but instead imagines solutions. The weakness of most theories on resolving inequality is that they do not speak to the imagination. John Bryant speaks to our imagination and delivers an inspiring message for young people that imagination and self-determination are the only tools needed to change the world. A critical reminder for Americans that there is no finality to being poor.”—Philippe Bourguignon, Vice Chairman, Revolution Places; CEO, Exclusive Resorts; and former co-CEO, World Economic Forum“Economic immobility is the defining issue of America in the 21st 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 Hope Bryant's brilliant new book is the key to making capitalism work for everyone. Bryant writes from his heart and his personal experience as a former homeless person who has become enormously successful by investing $500 million to help the poor become financially literate and financially successful. Bryant's strategy and his humanity can transform society and heal the wounds that keep us apart.”—Bill George, Professor of Management Practice, Harvard Business School, and author of True North“Bryant's offering is a critically thought-out, comprehensive, and clearly articulated remedy that will advance our suffering and stymied community. And it's written beautifully and boldly from a perspective of deep understanding and compassion and a heart full of love.”—Susan Taylor, former CEO, Essence magazine, and current CEO, National CARES Mentoring Movement“This book sets out a clarion call for dramatically increasing the financial capability of the undeserved and through that step encouraging their native-born instincts of entrepreneurship. Setting forth real-world examples of success from the great works of Operation HOPE, John Hope Bryant puts forth a common-sense game plan, which, if followed, will provide a better future for our nation. Let's go!”—Richard Ketchum, CEO, FINRA“John Hope Bryant is the essence of his middle name: Hope. A planter of the same, he invites us to cultivate by seeding hope, investing in hope, nurturing hope, and harvesting hope. He extols not a hand out, but a hand up. And what is the rope that pulls us upward? It is hope, hope such as seen in the middle class, the upward spiral that determines and differentiates between ‘rich' or ‘poor.' Self-determination is the new definition of freedom, and both are dependent on financial literacy. The latter provides the quartet of harmony: education, self-esteem, real choice, and real opportunity for all. This is the essence of hope. The author may be summarized in his own words: The hope factor, then, is a good job and a shot at aspirational success. Our major issue today is not so much about race, the color line, or social strife as it is about class and poverty. Let the people say amen.”—Rev. Cecil L. “Chip” Murray, former Pastor, First African Methodist Episcopal Church, Los Angeles, and Tansey Chair, Center for Religion and Civic Culture, USC “John Hope Bryant has set out to save America by returning her to the nation's founding idea—a sustainable, growing middle class that serves as a beacon to others, a light on the hill. That's just not possible while 80 percent of the population has only 7 percent of the money. But Bryant has a plan to make free enterprise work for the poor, by providing mentors, building dignity and confidence, and enabling access to money and financial literacy. It's the right idea at the right time.”—Sean Cleary, Member of the Board, The Abraaj Group, and Vice Chair, FutureWorld Foundation “John Hope Bryant's third book is finely focused on the causes of the dearth of financial literacy and the needed tactics to improve it through education and inspiration of both adults and children in the United States and other countries. A financially educated and inspired public will make better decisions in both their personal and working lives, which will yield a stronger economy and more broad-based opportunities for everyone. While I certainly don't agree with the positions of some of the people noted in the book, the achievement of John Hope Bryant's recommendations will likely require the broadest possible participation and support. This book proposes solutions, goals, and opportunities for us all to be part of the needed work.”—Jim Wells, former CEO, SunTrust Banks“The greatest leaders of America have been about dignity. Abraham Lincoln ended slavery, but less known is that just before his death he founded the Freedman's Savings Bank to empower former slaves economically. Martin Luther King, Jr., was not only about civil rights—he was assassinated when he started his Poor People's Campaign for all races. In this book, John Hope Bryant lays out an inspiring and concrete plan on how to realize the unfinished vision of Lincoln and King. This book is not only to be read but to be implemented. This book operationalizes dignity in the economic field.”—Professor Pekka Himanen, cofounder, Global Dignity“John Hope Bryant's work on the flaws of capitalism and what can be done about them not only is very timely but also responds to a growing global hunger for a more responsible and equitable model. His accessible style, personal reflection, and heartfelt commitment to driving change make this a must-read for all those who care about the future and a practical guide for policymakers and leaders. For too long we have overlooked our interdependency and the true value of human capital—Bryant makes an eloquent and rational call for us to put poverty and inequality right back at the top of the agenda.”—Clare Woodcraft, CEO, Emirates Foundation
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.
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Most helpful customer reviews
24 of 24 people found the following review helpful. BRAVO! By Ryan C. Mack This is a long overdue, truthful, and tangible discussion about a topic which all the world should be paying attention to. John Hope Bryant gives a much needed insightful perspective on the value of ALL people especially the poor. He passionately articulates how "helping people" and "helping people to help themselves" are two very different conversations; furthermore, helping those who are underserved is not only a moral proposition but is ultimately a very wise business decision as well. It we are going to rise as a country we must heed the principles within this book. If we are going to finally address global poverty in a way which "the rising tide lifts all ships" then the principles within this book should be a staple within every action/conversation.I have long been an advocate of "less talk and more action" and Mr. Bryant is surely that. He has essentially written a blue print to eradicating poverty while Operation HOPE is the system with which the blue print can effectively be implemented around the world. Bravo Mr. Bryant...I pray the world hears and responds accordingly!
25 of 26 people found the following review helpful. A great road map! By David Bell My copy of this book looks like a rainbow. I have it highlighted in all sorts of colors. Yellow for general points of interest, blue for passages I can use in my own work and green for action steps needed now.I am impressed with how this book not only redefines poverty and properly frames the struggles surrounding it, but also provides a detailed road map for how to fix it. This is not a book of fluff. This is a guidebook.I was struck by the passage that outlines poverty resulting in the lack of 1. self-confidence and esteem, 2. positive role models, 3. opportunity. How can someone succeed with these against them? They shouldn't have to. We can help create opportunity and provide positive role models. The self-esteem and confidence will follow.This is a great book that I will continue to reference as we all work to help the poor save capitalism.
17 of 18 people found the following review helpful. INSPIRING! By Kevin Its very difficult to find a book that feels like both a sermon and a self help journal in one.That's what Bryant's latest book does. On every page, you hear a call to the consciousness of America and every struggling American. It's a voice that rings loud and true: America is a land of opportunity for all people. But first you have to believe in yourself. "Half of poverty," says Bryant, "is a lack of self confidence. It’s a lack of confidence in your self. It’s a lack of belief. If you do not know who you are in the morning by dinnertime someone is going to tell you." So begins Bryant with the rousing air that makes you sit up and listen, like a sweating preacher in a hot church.He's speaking the language of everyday people: He often reminds them that there’s a difference in being broke and being poor. Being broke is economic, yes. But being poor is a disabling frame of mind and a depressed condition of your spirit. And you must vow to never be poor again. If I don’t like me I’m not going to like you. If I don’t feel good about me I’m not going to feel good about you. So begins his sermon of self empowerment through self belief. And that theme resonates on every page. Inspired by the great Dr. Martin Luther King, Jr., Bryant lifts your heart and your mind. "Freedom and liberty and justice and fair play are not things; they are feelings!" Freedom, he repeatedly reminds us, is self determination.Which brings us to the second key element of the Bryant message and movement: The free enterprise system provides all the tools you need to empower yourself. Whatever its flaws, capitalism and inclusion in it, is the only path to rebuilding the middle class in America. He is a staunch believer in the power of banking, finance and business in America, not for its own sake, but for the preservation of the economy for everyone, despite race, color, class or geography.He doesn't just make that assertion; he then sets forth a practical plan to go from dependency and depression to self reliance and personal growth. A blueprint. A road map. Bryant calls it "the memo." The memo on money and business, which he says most Americans never received. Historically, the drafting of this memorandum was begun by President Lincoln in 1865 after he signed the Emancipation Proclamation, after which he initiated the Freedmen's Bureau Bill -- with the specific intent of bringing the freed slaves in the American system of making money and building business, the American way. Sadly, that memo went undelivered after Lincoln was shot to death. Nearly 100 years later, Dr. King sought to deliver that message in the Poor People's Campaign (not the poor black people's campaign), which fought for jobs and freedom for the struggling classes of America. King too was shot to death, leaving the memo once again, undelivered.How the Poor Can Save Capitalism is intended to delivery the Memo to the teetering classes of American's (a term coined by Bryant to show how poverty knows no class or color).What an ambition! Through what his organization calls Project 5117, he plans to create the nation's first private banker for the poor, the working class and the struggling middle class. It contains concrete plans for creating a network of bankers and lenders and counselors to teach America the language of money, unabashedly, unapologetically. How to save. How to elevate your credit worthiness. How to start a business. How to keep your house, America's hedge fund. How to think about money. A plan for self improvement using the system we already have in place. So simple, yet such a radical movement of common sense.If you have a family, if you want to make a brighter future for them and yourself. If you care about your community. Your country. Our future, you have got to read this book. Plan to be inspired. Plan to be moved. As Bryant sees it, this is a movement for the soul of America, no less than the fight for Civil Rights and equal opportunity. It's a rare vision and a rare voice. Listen to it. See it for yourself.
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