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 2:6

Break the Political Gridlock!

FDR observed that there was nothing wrong with the free enterprise system except that we had not tried it yet.  Unfortunately, we have yet to try it because of  political gridlock.  Market fundamentalists, generally Republicans, loudly oppose government involvement while lobbying for government privileges to speculate with borrowed money and concentrate wealth. Collectivists, generally Democrats, angered by this wealth concentration, lobby government to redistribute it in benefits. Each group sustains support by pointing out errors of their opposite.

Neither group focuses on eliminating impediments that prevent capitalism from generating more wealth and distributing it broadly, such as limiting easy bank credit for speculation that caused loss of jobs, wages, and pensions in disasters like Enron; activating the workers’ pension and 401 (k) savings by large tax-free dividends; and changing corporate accountability from short-term earnings to long-term growth.

Citizens can apply their democratic power to reform these government fiscal and monetary policies, and to assure that their money managers’ mission is not personal gain but, rather, maximum return for the workers. 

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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