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 2:20

Trust the People!

This great American democratic experiment was founded on the theory that the will and wisdom of the people would provide better direction for the country than the views of a privileged elite.   
Human history supports this theory because it is a sad tale of mistakes of the few leading to war and misery. For example, Louis XVI of France rejected the reforms of Turgot and later tried to sneak out of the country in disguise. The French Revolution turned violent and ugly. 

For another example, President Wilson after WW I promoted political not economic solutions and so made WW II inevitable.

More recently, nationalistic, imperialistic, militaristic, power-adoring officials took this country into the dead end of Vietnam; and now, a generation later, the same kind of people are demonstrating that we have learned nothing from our history: They have led our country into another dead end, this time in Iraq.

America proclaims democracy at the same time that it contradicts it by ignoring the people. The people must take their country back by instructing their elected officials that no one country can run the world, and that America must learn how to become a team player.

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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