Book Cover

Capitalism,  The Way to a World of Peace and Plenty


They’re Feasting on Your Pension!

Federal law in 1974 required companies to put money away to pay pensions. Based on stock market history, you had a right then to expect a 10% total return from 5% dividends, and 5% increase in value of stocks held on average for 6 years.

What you got, instead, was a bubble market, companies without money to pay pensions, and 1% dividends. The handlers of your money, meanwhile, increased their personal wealth through revenues multiplying from $27 billion to $270 billion. Brokers collected commissions on stocks held on average less than a year; fees for “managing” money went way up; and your money was used to acquire companies and fire workers.

Fix this rip-off by demanding that the financial motivations of the handlers of your money be aligned with your retirement needs! Instead of commissions and annual fees, pay for 5-year performance compared to a 5 % annual increase in stock value and 5% dividends. This change will also move the stock market from short-term greed to long-term growth.

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.