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 12/22/2017

Updated on December 29, 2017

Democratic Capitalism-- Book Review

Julia Sneden based her review of Democratic Capitalism on her reading as I had no communication with her. Her review supported my premise based on fifty years experience running companies that democracy and capitalism should be synergistic not in conflict as most academicians believed. This will be examined further in the next Carey Center article “Good Capitalism vs. Bad Capitalism.”

Review of Democratic Capitalism by Senior Women Web
Culture Watch

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.

This fascinating, important, erudite book is not an easy, weekend read, nor a book you’d like to take on vacation for a beach read. It requires patience and hard thinking. Fortunately, it is written in a clear, accessible style that leads the reader, step by careful step, through the history and development of...

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