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 2:5

Tax Incentives for Good Capitalism!

Democratic capitalism maximizes the creation of wealth by releasing the innovation and productivity of people, and maximizes the distribution of wealth through profit sharing and employee ownership. Congress should legislate favorable tax treatment for democratic capitalist companies paid for by reductions in corporate welfare.  With this encouragement, good capitalism will displace the bad capitalism that treats workers as disposable, sacrifices job growth for short-term earnings, and has concentrated wealth in record amounts.

Qualification for this tax advantage includes: demonstrable integrity and meritocracy, profit-sharing and stock ownership plans for all, attrition and retraining instead of lay-offs, CEO base salary less than 35 times the lowest wage, stock grants instead of options with tax consequences for company and recipient, executive bonuses in company stock, no stock sales by executives or directors, reinvestment in growth and payment of large dividends instead of stock buy backs and non-strategic acquisitions, and financial reporting on long term sales, profits, and cash flow instead of quarterly earnings per share.
Workers’ jobs security, wages, and pensions would benefit greatly from this policy.

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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