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.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Course 2:19

Warning, Bad Storm Coming!

The American economy is in a financialization similar to a condition that ruined countries such as 16th century Spain, 18th century Netherlands, and 20th century Great Britain.  The manifestations include shifting taxes from capital to the middle class, treating wage earners as disposable cost commodities, and finance capitalism that is dominant, not supportive.

For example, since 2000, premium, floating-rate housing loans have grown seven fold to $450 billion for those whose who do not qualify for a conventional loan. If the Fed raises their rate to 5%, most borrowers will not be able to pay the $250 a month average addition to their mortgage payments. The banks say, “Why worry?” because they have used credit derivatives to duck the risk, a market that tripled to $8.5 trillion in 2004. Hedge funds are betting on increased foreclosures; your pension funds are betting that things will not be that bad.

Wage earners must demand that their elected representatives regulate hedge funds and derivatives before runaway speculation destroys more pensions.

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...

Click here for the full post