Book Cover

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


The Way to a World of Peace and Plenty

The concluding chapter in Ray Carey’s book presents hypotheses in a logical structure, that is, the first hypothesis must be validated before the second one can be addressed, and so on with the succeeding hypotheses.

Hypothesis #1: Affirmation of Marx’s axiom that social progress depends on movement to a superior economic system. The persistent failure of reformers to act on this axiom has resulted in the failure to place culture and political structure in support of economic freedom, in turn resulting in continued folly and violence. 

Hypothesis #2: Definition of democratic capitalism as the superior economic system. 

Hypothesis #3: Affirmation of economic freedom as a potentially universal system because it has demonstrated its capacity to improve lives under both democratic and authoritarian governments. 

Hypothesis #4: Indictment of the domination by ultra-capitalism that causes the world’s economy to function at a fraction of its potential. 

Hypothesis #5: Indictment of government privileges that have resulted in a banking system that favors the few and does not control currency and credit for the general welfare.

Hypothesis #6: Indictment of the political gridlock in the United States between those who support ultra-capitalism and those who do not use their democratic power to reform fiscal, monetary, and regulatory policies but waste it, instead, on micro-intrusions into free markets.

Hypothesis #7: Indictment of the faulty truth-seeking process that has caused the gridlock. Presentation of the process of Aristotle and Francis Bacon that could unify scholarly disciplines, bridge the managers and thinkers, and find common ground for the secular and religious.

Hypothesis #8: Identification of an agent of change: universities with their responsibility to educate citizens, train leaders, and rediscover their obligation to unify and elevate. 

Hypothesis #9: Identification of an agent of change: institutional investors with the democratic power and fiduciary obligation to replace ultra-capitalism with democratic capitalism.

Hypothesis #10: Presentation of the ideal: plenty, based on a rising standard of living and a sense of economic common purpose, provides the opportunity for peace when the United Nations, with the United States of America in a cooperative role, displaces violence among nations through the rule of law.

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.