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 4:14


April 4, 2001

Mr. Raymond B. Carey, Jr.
34 Brown’s Dock Road
Locust, NJ 07760

Dear Ray:

Thank you for your update of April 2.  I rarely find anything that I can do other than applaud when you are the advocate.

In this letter you ask whether there can be an endowment from our side regarding this enlightenment concept.  At this moment, I do not know how to answer that question.  I am not in a position to specify as of now.  I’m in the process of finishing out a very substantial pledge to Illinois Institute of Technology that will be completed in the year 2002.  How I balance things in relationship to the many, many traditional activities that we’ve worked for, I can’t answer at this time but because you have raised the question, it will be an active question in our thinking and I’ll give it the most sincere consideration.

                                                             Best wishes,

                                                             Robert W. Galvin

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

Democratic Capitalism: The Way to a World of Peace and Plenty

Updated on Jan 11, 2017

For some time there has been a general feeling that there is something wrong with the American economy. There is: the domination by finance capitalism slows growth and keeps millions from good jobs.

The solution: Democratic Capitalism, was described in my book but it was rejected by publishers and received no reviews. I published and distributed it at my expense but in time the following leaders of industry and education confirmed the solution. 

Click here for the full post