The Antidote to fear

Via Michael McKinney's Leading Blog, a recent post on "The Application of Love Leadership", Michael writes:

I wanted to share with you an excerpt from John Hope Bryant’s book Love Leadership. The subtitle – The New Way to Lead in a Fear-Based World – says it all. Bryant is the founder of Operation HOPE, a non-profit provider of economic tools and services that has as its long range objective to literally “drive itself out of business.”

Bryant says we have “lost our story line;” too focused on the me instead of the we, we have become indifferent. He describes the opportunity to lead he found, this way:

In inner cities today, you’ll often find a liquor store right next to a check casher, next to a pawn shop, next to a rent-to-own store, next to a payday lender. If misery loves company, then this is a pile-on. There’s simply a super-abundance of predatory businesses, and many people have lost hope. They are poor in spirit: they’re not skeptical—they’re cynical; they have low self-esteem and negative role models; their get-up-and-go has got up and went. So they go to the check-cashing service to forfeit their today, and go to the payday lender to forfeit their tomorrow. And because they don’t believe they’ll have a tomorrow, they go to the liquor store to forget about their yesterday.

In these communities, poor people spend roughly $10 billion each year on what I call ghettoized financial services—high-interest and high-fee check cashing, payday loans, refund anticipation loans, title lending, rent-to-own, and the like. I know of one individual who got a payday loan for $800; by the time he finished pay it off six years later, after rolling this payday loan over countless times, he had paid $15,000 in interest on that $800 loan. These businesses are in many cases short-term-oriented, purely transactional business models that add little value, and even deteriorate the customer base they purport to serve.

These businesses are ultimately led by one thing: fear. People are afraid to lift themselves up, to lead themselves out of their situation, to think for themselves. Bad capitalism preys mercilessly on these fears.

Throughout my journey from the inner city to my work as a social entrepreneur, I have had a front dash row seat for witnessing how fear destroys a community. But I would learn that there is another way to live and to do business. It would take almost 30 years for me to understand that the antidote to fear is love.