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 2:19

Warning, Bad Storm Coming!

The American economy is in a financialization similar to a condition that ruined countries such as 16th century Spain, 18th century Netherlands, and 20th century Great Britain.  The manifestations include shifting taxes from capital to the middle class, treating wage earners as disposable cost commodities, and finance capitalism that is dominant, not supportive.

For example, since 2000, premium, floating-rate housing loans have grown seven fold to $450 billion for those whose who do not qualify for a conventional loan. If the Fed raises their rate to 5%, most borrowers will not be able to pay the $250 a month average addition to their mortgage payments. The banks say, “Why worry?” because they have used credit derivatives to duck the risk, a market that tripled to $8.5 trillion in 2004. Hedge funds are betting on increased foreclosures; your pension funds are betting that things will not be that bad.

Wage earners must demand that their elected representatives regulate hedge funds and derivatives before runaway speculation destroys more pensions.

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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