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.


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Course 4:22

Letters

Subj: Democratic Capitalism
Date: 11/14/2004 12;33;02 PM Eastern Standard Time
From: BallardMorton
To:     Careydcntr

Dear Ray,

I finally decided to sit down and read your book.  I just completed it and wanted to let you know how impressed I am.  It’s an extraordinary accomplishment, and I gained much insight from reading it—and studying it.  What a marvelous legacy you have left.

I was so pleased that you put so much of yourself into the book.  The story of your own career was revealing and meaningful.  It gave authenticity to the rest of the book.  I had previously read your draft of the play and found the final version engrossing, poignant, and saddening.

I had never seen your account on the Enron debacle before and found it the most complete analysis that I have read.  Your explanation of ultra-capitalism makes so much sense.  I just did not realize how much Wall Street has been able to dominate us.

Peter Drucker is one of my favorite writers.  His work was one of the pillars of my class.  So I particularly agreed with your references to his writing.  Condorcet was unfamiliar to me, and I thank you for introducing him to me.

Finally, I agree with you on the doctrine of preemption and the danger of the neocon ideologues.  I am a lifelong Republican, but I could not support Bush.  I am deeply concerned about America’s role in the world and the future of our grandchildren.  Your message and proposals offer hope, but I’m afraid that we are too interested in easy, short-term solutions.

I salute you for your magnificent effort.  It is work that should be of great pride for you and your family.  I am so  pleased to be listed in the Acknowledgements.

All the best,

Ballard

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

Democratic Capitalism: The Way to a World of Peace and Plenty

Updated on Jan 11, 2017

For some time there has been a general feeling that there is something wrong with the American economy. There is: the domination by finance capitalism slows growth and keeps millions from good jobs.

The solution: Democratic Capitalism, was described in my book but it was rejected by publishers and received no reviews. I published and distributed it at my expense but in time the following leaders of industry and education confirmed the solution. 

Click here for the full post