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How the Poor Can Save Capitalism
Book

How the Poor Can Save Capitalism

Rebuilding the Path to the Middle Class

John Hope Bryant
Berrett-Koehler, 2014

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Editorial Rating

9

Qualities

  • Analytical
  • Applicable
  • Inspiring

Recommendation

In this engaging study, entrepreneur and activist John Hope Bryant prescribes something of a New Deal for America’s poor and working class. Bryant – a self-made businessman and founder of the nonprofit Operation HOPE – doesn’t dwell on the data of America’s growing inequality. He focuses instead on opportunities and solutions. If disenfranchised people started businesses, he argues, the US economy would spark to life in new ways. getAbstract recommends this powerful guide to policy makers, activists, NGO leaders and entrepreneurs seeking a new, workable approach to income inequality.

Take-Aways

  • Politicians and business leaders who ignore poor and working-class Americans are making a serious miscalculation.
  • Consumer spending drives the US economy. The top 1% of US earners spends nearly 49% of its income on consumption; the bottom 80% spends 90% on consumption.
  • Middle-class African-Americans hold just a fraction of the wealth of middle-class whites.

About the Author

Entrepreneur, author, self-made business success and former adviser to President Barack Obama, John Hope Bryant is founder, chairman and CEO of Operation HOPE.

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    V. M. 7 years ago
    Who wants to work and earn the one who does it does not want that one looks for reasons. We must find our niche in the labor market and opportunities
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    T. D. 7 years ago
    Interesting article, lack of knowledge by negro Americans keeps them held back. How government allows people to inundate low income areas with check cashing, liquor stores and rent -to-own. You never see them in other neighborhoods only in impoverished neighborhoods.
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    J. O. 7 years ago
    This sums it up: “Call it Misery Row: those predatory check cashers next to rent-to-own stores next to payday lenders next to liquor stores.”