Summary of How the Poor Can Save Capitalism

Rebuilding the Path to the Middle Class

Berrett-Koehler, more...

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How the Poor Can Save Capitalism book summary
The poor have plenty of resilience. Tapping their potential can unleash American economic growth.

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.
 

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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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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    Jeff Ostrowski 1 week 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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