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 2:29

Corporate Surplus: Cash Available for Growth Investment

Why is there so much money tied up in corporate surplus, and what should citizens do about it?

Surplus is the cash left over at the end of the year compared to profits that are an accounting number that includes such non-cash items as depreciation. There is over $2 trillion in corporate cash at home and another $ 2 trillion abroad. Much of this is the result of sacrificing long-term growth for the price of the stock and value of options.

Surplus can be used in four ways:  investment in growth and jobs, dividends recycled into the economy, stock buy backs, a favorite Wall Street trick to hype the stock and value of options, and deals that rain money on all of the deal makers.  The first two benefit democratic capitalism, the second two benefit finance capitalism.
Tax policy should reward investment in growth and dividends and penalize stock buy backs and deals.

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

Democratic Capitalism: The Way to a World of Peace and Plenty

Updated on Jan 11, 2017

For some time there has been a general feeling that there is something wrong with the American economy. There is: the domination by finance capitalism slows growth and keeps millions from good jobs.

The solution: Democratic Capitalism, was described in my book but it was rejected by publishers and received no reviews. I published and distributed it at my expense but in time the following leaders of industry and education confirmed the solution. 

Click here for the full post