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 12/22/2017

Updated on December 29, 2017

Democratic Capitalism-- Book Review

Julia Sneden based her review of Democratic Capitalism on her reading as I had no communication with her. Her review supported my premise based on fifty years experience running companies that democracy and capitalism should be synergistic not in conflict as most academicians believed. This will be examined further in the next Carey Center article “Good Capitalism vs. Bad Capitalism.”

Review of Democratic Capitalism by Senior Women Web
Culture Watch

Democratic Capitalism is a fascinating, important, erudite book that leads the reader through the history and development of capitalism making a clear case for what needs to be done in the future.

This fascinating, important, erudite book is not an easy, weekend read, nor a book you’d like to take on vacation for a beach read. It requires patience and hard thinking. Fortunately, it is written in a clear, accessible style that leads the reader, step by careful step, through the history and development of...

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