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.


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

Get Adobe Flash player


Course 2:4

Leadership to Economic Common Purpose

Late in the 20th century, countries were improving the lives of their people through economic freedom, the world was uniting in economic common purpose, and   violence was going down. The world then took a wrong turn that reversed economic momentum and caused social tensions and unprecedented violence. What went wrong?

America abandoned economic leadership for military might to run the world in a spectacular failure of leadership.  At home, bad capitalism lobbied laws that resulted in a short-term economy with record concentration of wealth.  Abroad, emerging economies were devastated by uncontrolled hot money and currency speculation causing Muslim leaders to criticize America as an economic imperialist.

Through the pension fund managers, the people must lobby for laws that support economic growth and broad wealth distribution at home, and leadership towards economic common purpose abroad, including a capital wage in large tax-free dividends, a change in measurement of corporate performance from short to long term, limitations on borrowed money for speculation, and international monetary rules that balance hot money with long-term investment.

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...

Click here for the full post