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 2:3

Speculate with Your Own Money!

Speculators borrow billions of taxpayer-insured dollars from regulated banks to leverage risky bets. Currency and credit is controlled not for the general welfare but for the speculators.

The Crash of ‘29 and the Great Depression, that nearly destroyed this greatest of democratic experiments, contained all of the lessons that if learned would have prevented subsequent economic damage including the Bubble of the 1990s, and the present Housing Bubble.

During the 1920s, speculators quadrupled their borrowings to buy stock. AFTER the inevitable Crash, government raised taxes, shrank the money supply, increased bank reserves, and curtailed loans to buy stock.  If government had used these same tools BEFORE the Crash, the Crash would not have happened, but the government always lets the rich get richer before the poor get poorer.
Daily speculation in currency alone is now over $2 TRILLION DOLLARS dwarfing all commerce! The people, led by pension funds, must demand that their government take these preventive actions BEFORE speculators destroy more jobs, pensions, and world’s economy.

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