John Hope Bryant wants Sens. Bernie Sanders and Elizabeth Warren to know that he would not have been successful without capitalism.
"I think Bernie and Elizabeth mean well," Bryant said on CNBC on Monday, regarding their criticism of how capitalism has led to wealth inequality. However, he said, "We got to stop with the prosperity-or-pitchforks conversation."told ABC's "This Week" on Sunday,
In capitalist economies, such as in the U.S., free markets fuel growth. Socialist models, and stricter communist societies, rely on government planning to drive the economy.John Hope Bryantinterview, Bryant sought to illustrate how capitalism and the free enterprise system can work for everyone. Modeling Operation Hope around that premise, his organization aims to give low-income and moderate-income Americans a sense of "financial dignity and inclusion" though coaching and education.
"I said, 'How did you get rich legally?' Bryant recalled, saying the banker "who was Caucasian by the way" and "didn't want to be there — but the law, the CRA, forced him to be there,"When he came and taught me financial literacy, my life fundamentally changed," Bryant said. "I wouldn't be who I am" under the communist systems in China or Russia.
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