How the Poor Can Save Capitalism

How the Poor Can Save Capitalism
Authors
Bryant, John Hope
Publisher
Berrett-Koehler Publishers
Tags
business , politics , sociology
ISBN
9781626560321
Date
2014-06-02T00:00:00+00:00
Size
1.95 MB
Lang
en
Downloaded: 115 times

“When John Hope Bryant talks about how to expand the middle class, I listen. I urge everyone to read How the Poor Can Save Capitalism and discover for themselves John’s great ideas for creating an America with more shared opportunity and shared responsibility.”

—Former US President Bill Clinton

"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 roadmap 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 Advisor to President Obama and host of CNN's Crossfire

How the Poor Can Save Capitalism reveals Operation HOPE founder and successful businessman John Hope Bryant’s strategy for restoring the American middle class and eradicating poverty. “For capitalism to thrive, the poor and middle class must thrive,” Bryant writes. “We must make financial literacy – teaching each and every one of our children the language of money – the new civil rights issue for the twenty-first century America.” According to Bryant, capitalism isn’t to blame for a struggling economy; we’re just doing it wrong.

Important statistics Bryant shares in the book:

• 76% of Americans are living from paycheck to paycheck, while 60% of American GDP is consumer-driven.

• 1 in 4 of the Americans who qualify for the Earned Income Tax Credit never ask for it – that’s $9 to $10 billion in unclaimed funds that could be put towards mortgages, car payments, education, etc.

• 47% of U.S. employers require a credit report as part of the hiring process.

In the book, Bryant exposes the historical roots of poverty, explains why the solutions tried so far have proved insufficient, and offers a way forward. He lays out what he calls a Marshall Plan for our times, a series of straightforward, actionable steps to build financial literacy and expand opportunity so that the poor can join the middle class.

Praised by Dr. Bernice A. King of the King Center as “a practical idealist who dreams big and then moves with precision to action,” John Hope Bryant aspires to create a thriving economy that works not just for the 1% or even the 99%, but for the 100%.