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.

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.”

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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