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 4:13


John C. Whitehead
Park Avenue Tower

March 12, 2001

Mr. Raymond B. Carey, Jr.
34 Browns Dock Road
Locust, New Jersey 07760

Dear Ray:

           I am so very impressed with your book! I had known that you were an excellent businessman and an excellent CEO but I had not known that you had the really remarkable academic qualities that shine so brightly in the book. You were modest about your “style” of writing but I find it to be simple, clear and very understandable. You make complicated subjects sound simple and comprehensible. Most of all I admire your steadfastness - - writing a book like this is no mean chore. It takes many hours, many days, many months of hard grinding work. I certainly admire your ability to stick to it and get it done. As to the content, you’ve really done some pioneering thinking, combining your life of practical experience with some old theories and arriving at some really new and very refreshing conclusions.  Best of all, I agree with almost every point you make.

      As you can see, I am quite a fan. I’m delighted to write a “blurb” for you. How about:

“This unusual book by successful American CEO is well worth reading. It analyzes our economic free enterprise systems and our entire society in a most unique way and explains a lot about why it works so well and how it could work better”

      I’d be delighted to say that or anything else that’s complimentary. You may not want to decide until you see what other have to say. As far as I’m concerned, you have my proxy. I’m not quite ready to say you deserve the Nobel prize in economics yet, but I can’t wait for Book II.

With great respect and warm regards,


John C. Whitehead


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...

Click here for the full post