More Praise for How the Poor Can Save Capitalism This book does not attempt to explain all of the economic inequality that exists in todays 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 fi nality to being poor. Philippe Bourguignon, Vice Chairman, Revolution Places; CEO, Exclusive Resorts;and former co-CEO, World Economic Forum Economic immobility is the defi ning issue of America in the 21st century. 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 Bryants brilliant new book is the key to making capitalism work for everyone. Ben Jealous, former CEO, NAACP John Hope Bryants 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 fi nancially literate and fi nancially successful. Bryants strategy and his humanity can transform society and heal the wounds that keep us apart. Bill George, Professor of Management Practice, Harvard Business School, andauthor of True North Bryants offering is a critically thought-out, comprehensive, and clearly articu lated remedy that will advance our suffering and stymied community. And its written beautifully and boldly from a perspective of deep understanding and com passion and a heart full of love. Susan Taylor, former Editor-in-Chief, Essencemagazine, and current CEO,National CARES Mentoring Movement This book sets out a clarion call for dramatically increasing the fi nancial capabili ty 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.
Lets 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-de termination is the new defi nition of freedom, and both are dependent on fi nancial 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 EpiscopalChurch, 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 nations founding ideaa sustainable, growing middle class that serves as a beacon to oth ers, a light on the hill. Thats 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 confi dence, and en abling access to money and fi nancial literacy. Its the right idea at the right time. Sean Cleary, Member of the Board, The Abraaj Group, and Vice Chair,FutureWorld Foundation John Hope Bryants third book is fi nely focused on the causes of the dearth of fi nan cial 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 fi nancially 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 opportu nities for everyone.
While I certainly dont agree with the positions of some of the people noted in the book, the achievement of John Hope Bryants recommendations will likely require the broadest possible participation and support. This book pro poses 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 Freedmans Savings Bank to empower former slaves economically. Martin Luther King, Jr., was not only about civil rightshe was assassinated when he started his Poor Peoples Campaign for all races. In this book, John Hope Bryant lays out an in spiring and concrete plan on how to realize the unfi nished vision of Lincoln and King.
This book is not only to be read but to be implemented. This book opera tionalizes dignity in the economic fi eld. Professor Pekka Himanen, cofounder, Global Dignity John Hope Bryants work on the fl aws 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 refl ection, 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 capitalBryant 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 How the Poor Can Save Capitalism This page intentionally left blank How the Poor Can Save Capitalism Rebuilding the Path to the Middle Class John Hope Bryant How the Poor Can Save Capitalism Copyright 2014 by John Hope Bryant All rights reserved.
No part of this publication may be reproduced, distributed, or trans-mitted in any form or by any means, including photocopying, recording, or other electron ic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed Attention: Permissions Coordinator, at the address below. Berrett-Koehler Publishers, Inc. 235 Montgomery Street, Suite 650 San Francisco, California 94104-2916 Tel: (415) 288-0260, Fax: (415) 362-2512 www.bkconnection.com Ordering information for print editions Quantity sales. Special discounts are available on quantity purchases by corporations, associations, and others. For details, contact the Special Sales Department at the Berrett-Koehler address above. Individual sales. Berrett-Koehler publications are available through most bookstores.
They can also be ordered directly from Berrett-Koehler: Tel: (800) 929-2929; Fax: (802) 864-7626; www.bkconnection.com Orders for college textbook/course adoption use. Please contact Berrett-Koehler: Tel: (800) 929-2929; Fax: (802) 864-7626. Orders by U.S. trade bookstores and wholesalers.
Next page