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 2:3

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.

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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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