Book Cover

Capitalism,  The Way to a World of Peace and Plenty

Two reviews of Ray Carey's book, Democratic Capitalism, The Way to a World of Peace and Plenty

One of the themes of this work is that the educational community has not examined the available capitalist alternatives. For this reason, despite its superior benefits, democratic capitalism has grown too slowly. 

This disinterest in capitalist alternatives prompted me to write Democratic Capitalism, the Way to a World of Peace and Plenty. A book by an ex-CEO with such a bold sub title, however, had little appeal for university professors. 

Among the reviews that were written, one was by Julia Sneden, long time ‘Resident Observer” at Senior Women Web (May 2005) with a headline commending the book as “fascinating, important, erudite, a 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.” 

Another review by Keith Wilde, fellow of CACOR (Committee for Monetary and Economic Reform 2005 Comer Publications) summarized that the book is “ unusual and unusually important, the most comprehensive and persuasive case yet for the idea of broad ownership and the best account of mechanisms for achieving it.” 

These two reviews appear below, one by a person with no economic background but an interest in human progress, the other by a Ph. D. with unique understanding of capitalist alternatives.

Democratic Capitalism is still not being examined as the alternative to exploitive capitalism with its unemployment and stagnant wages. Most citizens know from experience that something is fundamentally wrong but they need broader education to understand solutions. Julia Sneden concludes her review with this suggestion: “Democratic Capitalism is an important book. When you’ve read the book, you might want to consider sharing it with your Congressman or Senator, who would probably thank you for it.” 

Click here for full reviews

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.