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 2:10

American Leaders, Please Stand Up!

Improvement in the human condition depends on an economic system that maximizes wealth by releasing the innovation and productivity of wage earners, and distributes wealth to the greatest number of people through profit sharing and ownership opportunities. Strong, steady economic growth can then provide government revenues for educational, health, and environmental needs.  The system is democratic capitalism that raises profits by elevating the quality of life, unites people in economic common purpose, and can stop the violence.
This superior performance of democratic capitalism has been validated in companies and countries, but it is not yet universal because of the impediments of concentrated wealth and violence among nations and cultures.  Movement towards the superior system awaits rejection by Americans of short-term and greedy capitalism, and an understanding of why other nations reject America’s imperialistic effort to run the world.  This is the agenda at home and abroad that most Americans desire. Political leaders who understand this can be elected and will receive enthusiastic support in the reform of capitalism and foreign policy.

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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