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.


Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player


Course 2:32

Joe the Plumber            

Biden vs Welch

V P Joe Biden said that private equity executives and plumbers were equally prepared to be president. Jack Welch, former head of GE,  in a Fortune article1 took issue and listed the attributes of such executives as such as Mitt Romney of Bain capital.

Jack’s list included “sophisticated negotiations, strategy development, and a global mind set.”  He did not mention how often the first move is to fire people working on longer term program, nor did he mention how often enormous debt is added to the balance sheet to pay special dividends to the private equity executives. These executives are not investing capital, they are extracting capital.

Perhaps the plumbers are better prepared to be president. As  their priority will be adding jobs, not extracting capital.

1 Fortune, July 2, 2012  “Why Joe Biden Is Wrong About Private Equity Executives”  p. 42.

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...

Click here for the full post