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 2:11

Mother of All Lies

People are propagandized to believe that war is an unavoidable part of human existence rather than an obscene contradiction to reason.

Thekilling by governments of 160 million people during the 20th century was not an historical inevitability but rather mistakes made by a few men with more power than reason. Prussian Field Marshall Moltke pushed the Austrians into attacking the Serbs, starting WW I, and American President Woodrow Wilson’s ignorance of economics at the 1919 “peace” talks led to Hitler and WW II.

American hawks now need to make an enemy out of China to rationalize 1/2 of the world’s military expenditures. Fighting terrorists does not require nuclear subs. If the hawks prevail in this new mistake, Americans will lose legs, arms, and lives in a contrived crisis to “protect” Taiwan as a matter of “national honor.”
China is doing well in its mission to improve the lives of their people though economic freedom.(while lending America the money to fund our deficit).
America’s mission should be to lead the world in economic common purpose, not dominate the world with military might. Citizens must demand this economic priority.

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.


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Democratic Capitalism: The Way to a World of Peace and Plenty

Capitalism produces wealth from market freedom and competition, democratic capitalism maximizes wealth from worker participation. Their sharing in the improvement sustains motivation and adds consumer income that increases economic growth. The value system is trust and co-operation, the impediments are mal-distribution of wealth and violence among nations and people.

Surplus wealth was built by firing workers engaged in growth programs and by not increasing wages for productivity gains. Corporations avoiding taxes left $6 trillion of this surplus sitting in foreign accounts. The distribution of this surplus depends on a critical Board decision. It should be returned to the workers in wages, dividends, and profit sharing that add to economic growth, but managers influence Boards to repurchase shares to hype the value of options while hurting economic growth.

The workers are now capitalists through their pension funding, but they are not yet organized to influence policy. Finance capitalism continues to dominate the economy and influence politicians. Reformers who should correct this capitalist perversion do not understand wealth production from democratic capitalism; instead they concentrate on the political structure that distributes wealth.

CCDC June 27, 2017

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