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.
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:
Late in the 20th 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.
There are two goals of this web site. First to present
Democratic Capitalism as the economic system that will provide each wage
earner with the opportunity for full development in an environment of
trust and cooperation. The function of managers is to harmonize the two in
order to produce more broadly distributed wealth.
An Agenda to Reform Capitalism
Tax-free dividends for wage earners will expand profit-sharing and
ownership plans, rebuild retirement accounts, generate a “capital wage” to
be spent or saved, and turn employees into active capitalists.
Introduction to Democratic Capitalism
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 of democratized
capitalism will become the reality.
Interviews with Ray Carey
Ray Carey on Time Warner Cable, NY-- Channer's
Carey on Public Access TV-- Channer's "Conversations"
Michael T. Greenwood, Professor of Economics at Mt.Wachusset Community College, interviews Ray Carey on Democratic Capitalism.
Reviews of 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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