Book Cover

Democratic
Capitalism,  The Way to a World of Peace and Plenty
by Ray Carey

Hard/Softcover/Kindle - 5 May, 2004, Available on Amazon.com

Ray Carey presents the theory and practice of democratic capitalism by coupling his experience with a synthesis of the thought of Adam Smith, Karl Marx, and John Stuart Mill.  The empirical evidence is clear: democratic capitalistic companies produce superior results, and nations that support economic freedom and keep money neutral improve the lives of their people.


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Course 2:1

Free Wage Earners’ Capital!

Wage earners have become capitalists from pension funding and 401(k) savings, but are not receiving a return on their capital. Large dividends can free this capital by adding a “capital wage” to the labor wage. 
A company’s surplus should be reinvested and paid in dividends to grow the economy. Instead, during the past quarter century, over a trillion dollars was wasted on stock buy backs, that hype the stock price and CEOs’ options, and acquisitions that make the deal-makers rich by cutting jobs. Combined with exorbitant mutual fund fees, and quicker turnover of stock sales by commission brokers, bad capitalism, the kind that traditionally exploited the workers’ labor, is now exploiting the workers’ capital.

Led by pension funds, companies should be pressured to maximize growth and dividends, and the government should be pressured to make dividends tax-free for wage earners. A secure double-digit return, balanced between annual income from dividends and appreciation in a growing economy, will reward the working owners of capital, not the handlers.                            

Ray CareyRay Carey

Ray Carey learned through managing companies for 33 years how to change the work culture to provide employees with their best opportunities to develop and contribute. This experience began as a 28 year old plant manager and later president of an electric motor company, and concluded with eighteen years as president , chairman, and CEO of ADT, Inc.

See Carey's autobiography of his work career in chapter two of his first book,

Democratic Capitalism, The Way to a World of Peace and Plenty.

For more information about Ray Carey and his advocacy of democratic capitalism, visit the pages of this website.


Most Recent Post

CCDC 12/22/2017

Updated on December 29, 2017

Democratic Capitalism-- Book Review

Julia Sneden based her review of Democratic Capitalism on her reading as I had no communication with her. Her review supported my premise based on fifty years experience running companies that democracy and capitalism should be synergistic not in conflict as most academicians believed. This will be examined further in the next Carey Center article “Good Capitalism vs. Bad Capitalism.”
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Review of Democratic Capitalism by Senior Women Web
Culture Watch

Democratic Capitalism is a fascinating, important, erudite book that leads the reader through the history and development of capitalism making a clear case for what needs to be done in the future.

This fascinating, important, erudite book is not an easy, weekend read, nor a book you’d like to take on vacation for a beach read. It requires patience and hard thinking. Fortunately, it is written in a clear, accessible style that leads the reader, step by careful step, through the history and development of...

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