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 2:24

It's The Economy Stupid!

Marx traced the evolution in the mode of production from slavery, to serfdom, to the wage slaves of mercantilism, to the cooperative work culture.  He warned the politicians and educators that human progress depended on movement to the superior economic alternative and not to the political structures that dominated their attention.

Each particular mode of production is the real foundation on which arises a legal and political superstructure and to which correspond definite forms of social consciousness, and that the mode of production conditions the general process of social, political, and intellectual life,1 the basis of a higher form of society for the full and free development of every individual.2 This power arises from co-operation itself.3

Most educators never studied the alternatives in capitalism,  They were too content with their contempt for generic capitalism to study and discover a capitalism that among other attributes was moral!

1. Karl Marx, preface to “A Contribution to the Critique of Political Economy,” footnote 35,  Capital  (New York: Penguin Classics, 1976;written by Marx in 1859), vol. 1, part 1, chapter 1, p. 175.

2. Capital 739

3. Capital 447

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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