October 24 2014
Operation HOPE Celebrates the Phenomenal Success of the Book “How the Poor Can Save Capitalism”
ATLANTA, Oct. 23, 2014 /PRNewswire-USNewswire/ -- Today, Operation HOPE a global financial empowerment nonprofit reported on the success of the bestselling book and organization blueprint, How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class (Berrett-Kohler). The book is authored by, John Hope Bryant, the founder, chairman and CEO of the nonprofit and over the last 143 days, the book has become a global phenomenon, selling the international publishing rights to be printed in four languages and remaining in the top 100 lists for Amazon, Barnes and Nobles, iBooks and in the top 10 for four months on 800 CEO Read, in the categories of poverty and social policy.
The 42nd President of the United States, William J. (Bill) Clinton, understands the importance of addressing America's 100%. "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," Clinton shared in his book review.
An instant bestseller, the book sold out within the first 48-hours of going on sale, June 2nd. Chairman Bryant has shared "The Memo" with more than 100 media interviews, on radio, television, on-line and in print. The book will be translated into Greek, Korean, Portuguese and Arabic. It is the only bestseller on economics, in the world, by an author of African-American descent.
In the past month, Mr. Bryant has addressed crowds at the OECD Conference in Paris, Positive Economic Forum in Le Havre. In the upcoming weeks he will deliver "The Memo" in Istanbul, Turkey and San Juan, Puerto Rico. In the United States, Mr. Bryant has traveled coast-to-coast and everywhere in-between. In San Francisco, American environmental advocate Van Jones and Bank of the West hosted a book event at the Commonwealth Club. In Atlanta, the Economic Empowerment Tour sponsored by Coca-Cola launched with the first in a series of engagements, discussing How the Poor Can Save Capitalism to leaders in the local business community. There were stops in Dallas, Detroit, New York City, Washington, D.C. and Los Angeles, to name a few.
More importantly, the book is accomplishing Operation HOPE's goal of being a vessel of change. Since the publication of the book, Operation HOPE has received an outpouring of interest from private and government partners, volunteers, as well as the growing population of Americans who are struggling paycheck to paycheck in the modern economy and who aspire for a more secure financial future for themselves and their families.
How the Poor Can Save Capitalism is redefining the very definitions of poverty and wealth themselves. Poverty, in Mr. Bryant's estimation, is not just finances; it's values too. Bryant exposes why attempts to aid the poor so far have fallen short and offers a way forward: the HOPE Plan, a series of straightforward, actionable steps to build financial literacy and expand opportunity so that the poor can join the middle class. Operation HOPE aims to eradicate poverty and empower those in underserved communities and struggling middle class to financial dignity.
Mr. Bryant, currently on the 100-City Book Tour has shared "The Memo" throughout the nation and at prestigious locations such as, The Jonathan Club in Los Angeles, Ebenezer Baptist Church in Atlanta and the Chautauqua Institute in Chautauqua, NY. He has addressed crowds at the Essence Festival in New Orleans, Indivizible Speaker Series with Mayor Kevin Johnson in Sacramento and the Detroit Economic Empowerment Summit. In the following weeks the book tour will go international at the Organisation for Economic Co-operation and Development in Paris and the Positive Economic Forum in Le Havre.
The resounding success has also been possible due to the belief our sponsors have in the book's empowering message. Thanks to Visa, Healthways, Commonwealth Club, Commerce Club. City of Compton, Christ the Redeemer Church, BBDO, Coca-Cola, V-103, AFSCME, Mutual of Omaha, OECD, and Positive Economic Forum, "The Memo" is spreading from city to city.
Founded in 1992 and headquartered in Los Angeles, Operation HOPE promotes financial dignity through the delivery of financial inclusion and education tools to underserved communities. Through its core divisions, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. HOPE's next phase will be focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities. To learn how you can join Project 5117, go to www.operationhope.org.
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