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.

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

Get Adobe Flash player

Course 2:6

Break the Political Gridlock!

FDR observed that there was nothing wrong with the free enterprise system except that we had not tried it yet.  Unfortunately, we have yet to try it because of  political gridlock.  Market fundamentalists, generally Republicans, loudly oppose government involvement while lobbying for government privileges to speculate with borrowed money and concentrate wealth. Collectivists, generally Democrats, angered by this wealth concentration, lobby government to redistribute it in benefits. Each group sustains support by pointing out errors of their opposite.

Neither group focuses on eliminating impediments that prevent capitalism from generating more wealth and distributing it broadly, such as limiting easy bank credit for speculation that caused loss of jobs, wages, and pensions in disasters like Enron; activating the workers’ pension and 401 (k) savings by large tax-free dividends; and changing corporate accountability from short-term earnings to long-term growth.

Citizens can apply their democratic power to reform these government fiscal and monetary policies, and to assure that their money managers’ mission is not personal gain but, rather, maximum return for the workers. 

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...

Click here for the full post