Book Cover

Capitalism,  The Way to a World of Peace and Plenty
by Ray Carey

Hard/Softcover/Kindle - 5 May, 2004, Available on

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 1:24

The Greatest Opportunity in Human History

After the failure of communism and socialism late in the 20th century, democratic and authoritarian countries alike were moving towards economic freedom. Companies freely competed at home and in world markets, supported by various levels of government and under various forms of worker ownership.

A new mode of production had emerged: workers were participating and sharing in improvement in a work culture of trust and cooperation that released their cognitive power a culture necessary in Information Age industries. Profit sharing, ownership plans, pension, and 401 (k) savings now made the worker a major source of capital, presumably ending the long domination by privileged capital. The European Union used economic freedom to unite people in common purpose and stop killing millions of their young men in stupid wars.

American government dedication to this opportunity was prevented by grid lock. On one side is ultra-capitalism that treats the worker as a disposable commodity and finance capitalism that dominates the economy instead of supporting it. On the other side is collectivism that seeks solutions in government redistribution while ignoring economic reform. Democratic capitalism uses the productive capacities of capitalism in a more participative way. These are the citizens’ choices.

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

CCDC 11/15/2017

November 14, 1995
Diane Dunlap
Dean, Graduate School
Hamline University

Dear Dean Dunlap:

I was very happy to hear about the plans for the “Carey Center” at Hamline University. It has been a source of much frustration to me that business concepts which I have seen working and which I admire have so little visibility in academia.

Ray Carey was Chairman of the Board and CEO of ADT Security Systems Inc. when I joined their Engineering Department in 1973. My specialty was Microwave Transmission Systems, and my previous employers were Bendix Navigation & Control Division and IT&T Avionics Div. Working at ADT was very different from working at either Bendix or IT&T.

ADT had a charter which was taken seriously. We, the employee-associates, were entrusted...

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