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 2:5

Tax Incentives for Good Capitalism!

Democratic capitalism maximizes the creation of wealth by releasing the innovation and productivity of people, and maximizes the distribution of wealth through profit sharing and employee ownership. Congress should legislate favorable tax treatment for democratic capitalist companies paid for by reductions in corporate welfare.  With this encouragement, good capitalism will displace the bad capitalism that treats workers as disposable, sacrifices job growth for short-term earnings, and has concentrated wealth in record amounts.

Qualification for this tax advantage includes: demonstrable integrity and meritocracy, profit-sharing and stock ownership plans for all, attrition and retraining instead of lay-offs, CEO base salary less than 35 times the lowest wage, stock grants instead of options with tax consequences for company and recipient, executive bonuses in company stock, no stock sales by executives or directors, reinvestment in growth and payment of large dividends instead of stock buy backs and non-strategic acquisitions, and financial reporting on long term sales, profits, and cash flow instead of quarterly earnings per share.
Workers’ jobs security, wages, and pensions would benefit greatly from this policy.

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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