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 4:16


Subj:    Whitney MacMillan Msg
Date:    11/3/2003  11:16:08 AM Easter Standard Time

Hi Ray:

Flying back from Washington, D.C. recently I found the peace and quiet
and time to read your Chapter 10.  It’s a superbly laid out program
based on deep philosophic roots and common sense.  I hope it’s not too
esoteric for the average reader.

I share all your views about the need for democratic capitalism over
financial capitalism.  As you know, Cargill did an ESOP upon my
retirement.  This allowed illiquid shareholders a change to exit their
investment  while allowing the company to stay private.  My understanding is that current management is considering a second ESOP in the near future.

I also agree with your rationale toward short-term “it is” and the misallocation of resources through the float of the dollar and ERISA.  However, I have great difficulty being optimistic about the United Nations.  The governance of the organization did not anticipate the complications of 191 members (mostly equal).  In my view it’s impossible to lead the existing multilateral institutions out of their morass.  It might be possible to force them into reforming by withholding funding.

How is the publishing date coming?


    Whitney   (MacMillan)

(dictated but not read)

Sent By:
Mary Kindseth
Cargill, Incorporated

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...

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