Summary of How the Poor Can Save Capitalism

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How the Poor Can Save Capitalism book summary
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Rating

9 Overall

9 Applicability

8 Innovation

9 Style

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.

In this summary, you will learn

  • Why the poor represent an untapped economic resource,
  • How to increase financial literacy and economic mobility in the United States, and
  • How being broke and being poor differ.
 

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.

 

Summary

An Unequal Economy
Many problems plague the US economy: inequality, a lack of upward mobility, and the decline of the American dream for the working and middle classes. Politicians and business leaders who ignore people on the bottom of the income distribution scale make a serious miscalculation...

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    Tangie Daniel 2 weeks 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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    Jeff Ostrowski 2 months 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.”

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