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 2:14

Root Problem Solved

Economic freedom can satisfy basic needs of people, and unite nations and cultures in economic common purpose. To accomplish this, money must be merely a medium of exchange, and speculators must be kept under tight control. When these conditions are in place, wealth and political power will be widely distributed, and capitalism and democracy will be in harmony.

Conversely, when money is a profit-making commodity, and speculators deflect borrowed money away from job growth, then wealth and political power will continue to be concentrated, capitalism and democracy will continue to be in tension, the world will continue full of violence, and the more than two billion people who live on less than $2 a day will continue to go hungry, be sick, and lead miserable lives.

Citizens fail to understand either the function of money or the need to control speculators because educators, at all levels, cannot teach what they have not studied: the interaction between capitalism and democracy.  Once educators learn and teach the essentials of economic freedom, then citizens will know how to reform public policy to allow economic freedom to function—for the first time—at full potential.

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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