Book Cover

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

Hard/Softcover/Kindle - 5 May, 2004, Available on

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 2:13

A Nuclear Holocaust?

President Ronald Reagan and Russian leader Mikhail Gorbachev in Reykjavik, 1986, almost agreed on the elimination of all nuclear weapons. Disagreement on Reagan’s “Star Wars” destroyed the opportunity.

Pakistan exploded the first “Muslim” bomb in 1998, and along with Israel, India, and North Korea joined the original nuclear club of U. S., Russia, China, France, and England. Other nations continue to develop nuclear capability to gain leverage in a world dominated by military power. For example, America ignored India’s rejection of the Nuclear Non-Proliferation Treaty in order to get her participation in power politics to encircle China.  

Society can either get rid of all bombs or stand by while nuclear capability spreads to more nations with weaker controls and stronger passions, making a nuclear holocaust inevitable. America must lead in economic common purpose in which the standard of living goes up and the bombs go away.  America, however, continues to make enemies with its priority for military might. Citizens are pivotal to this choice and must demand that the political agenda be changed to economic cooperation and demilitarization.

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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