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 2:13

A Nuclear Holocaust?

President Ronald Reagan and Russian leader Mikhail Gorbachev in Reykjavik, 1986, almost agreed on the elimination of all nuclear weapons. Disagreement on Reagan’s “Star Wars” destroyed the opportunity.

Pakistan exploded the first “Muslim” bomb in 1998, and along with Israel, India, and North Korea joined the original nuclear club of U. S., Russia, China, France, and England. Other nations continue to develop nuclear capability to gain leverage in a world dominated by military power. For example, America ignored India’s rejection of the Nuclear Non-Proliferation Treaty in order to get her participation in power politics to encircle China.  

Society can either get rid of all bombs or stand by while nuclear capability spreads to more nations with weaker controls and stronger passions, making a nuclear holocaust inevitable. America must lead in economic common purpose in which the standard of living goes up and the bombs go away.  America, however, continues to make enemies with its priority for military might. Citizens are pivotal to this choice and must demand that the political agenda be changed to economic cooperation and demilitarization.

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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