RAY CAREY 

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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Democratic capitalism combines the free-market energies of competition and private property with the enormous productivity and innovation released in an environment of trust and cooperation.  Consider the following facts:                                        

• Democratic capitalism is the synergy of democracy and capitalism.
  

• Democratic capitalism improves the performance of companies, governments, and the world.
  

• Worker ownership encourages individual development and mutual harmony.
  

• Ultra-capitalism leads down the wrong road to more folly and violence.

Late in the 20^th century, the world was moving towards these benefits of economic freedom when America led instead to ultra-capitalism, with a record concentration of wealth, another boom/bust cycle, slower world economic growth, and reversal of economic momentum in emerging economies. America then used its military might early in the 21st century to combat the violence that resulted from this failure of economic leadership.

        The persistent human failure to employ reason in order to associate in trust and cooperation at the global level has resulted in a terrible performance: continued misery for many and violence or fear of violence for all.  Carey explains why this condition is  unnecessary and how citizens can eliminate material scarcity, elevate spirits, unify people, and stop the violence by moving company practice and public governance to democratic capitalism.

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When enough citizens understand that economic freedom can eliminate material scarcity and that economic common purpose can unite people and stop the violence the ideal will become the reality.

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The Carey Center for Democratic Capitalism announces a student essay contest!

CONTEST RULES

Qualifications: Contestants of any age may enter, if you are actively engaged in educating yourself (middle school or high school, college or university, Adult Education program, on-line learning).

Submission Date: Anytime during 2010; winners to be announced early in 2011.

Prizes: Five winning essayists will win prizes of $500 each.
Two Carey Scholars will win additional prizes of $500.

Please submit essays via email to careydcntr@aol.com

-or-

Mail your essay to:

The Carey Center for Democratic Capitalism
34 Browns Dock Rd.
Locust, NJ  07760

Contest Judges: The winning essays will be chosen by associates of the Carey Center for Democratic Capitalism and published on its website: www.democratic-capitalism.com.

Suggestions for a winning essay:
Length of essay: 300 words minimum; 800 words maximum.
Visit the website: www.democratic-capitalism.com and study the “Introduction to Democratic Capitalism.”
Make use of the other resources available at the website:

• Readers’ Guide
• Democratic Capitalism: The Way to a World of Peace and Plenty (2004)
• An agenda for reforms
• Other books, essays, letters, and DVDs

Meet this challenge: Your government responded to the lobby power of Wall Street with irresponsible deregulation and out-of-control credit that caused the economic disaster of ’08-’09, an economic crash with worldwide repercussions. If your public school and college or university teachers have not prepared you either to understand or cope with this greatest economic challenge of our time, then you must educate yourself. How would you use democratic capitalism to solve the problems?

Reviews on Ray Carey's Book:

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...Click here for full review

In my opinion, Ray Carey has provided the most comprehensive and persuasive case yet for the idea of broad ownership and the best account of mechanisms for achieving it...Click here for full review

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