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 2:15

Fix Education-Bottom-Up!

American education in general is falling behind other nations. More African-American young men are in prison and in the criminal process than in college!  Fewer Americans in college in 2005 were science majors than in 1956, the Year of Sputnik!

The top-down structure of education is all wrong. National standards are another distraction for principals; charter schools and vouchers dodge the problem; blaming lack of money or the teachers’ union solves nothing.

Freedom works! Free principals, teachers, students, and parents from bureaucratic micromanagement, release their latent power, and let their teamwork fix education. Begin with an agreed curriculum and goals; collaborate on a three-year plan for which the team is accountable; use class and school composite performance for measurement and bonuses; team outstanding teachers at a higher base pay with inexperienced teachers; team best students with younger students; motivate former bullies to help keep order; pay teachers more for urban assignments; and make full use of computer technology in all schools.

With education structured bottom-up, teachers and principals will enjoy the satisfaction they deserve from a job well done, and students will receive the education they need.

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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