Book Cover

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

Hard/Softcover/Kindle - 5 May, 2004, Available on Amazon.com

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 2:14

Root Problem Solved

Economic freedom can satisfy basic needs of people, and unite nations and cultures in economic common purpose. To accomplish this, money must be merely a medium of exchange, and speculators must be kept under tight control. When these conditions are in place, wealth and political power will be widely distributed, and capitalism and democracy will be in harmony.

Conversely, when money is a profit-making commodity, and speculators deflect borrowed money away from job growth, then wealth and political power will continue to be concentrated, capitalism and democracy will continue to be in tension, the world will continue full of violence, and the more than two billion people who live on less than $2 a day will continue to go hungry, be sick, and lead miserable lives.

Citizens fail to understand either the function of money or the need to control speculators because educators, at all levels, cannot teach what they have not studied: the interaction between capitalism and democracy.  Once educators learn and teach the essentials of economic freedom, then citizens will know how to reform public policy to allow economic freedom to function—for the first time—at full potential.

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

HANSOME ENERGY SYSTEMS INC.
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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