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 4:17


Subj:      Re: Democratic Capitalism
Date:      6/10/2004  12;12;04 PM Eastern Daylight Time

Sent from the Internet (­Details)

Dear Ray—Congratulations!  And apologies for my tardy reply.  I ordered your book myself and am now reading it fresh—start to finish—an I express my great admiration for what you have accomplished (I also love your Grandson on the cover).  So share the copy with someone else, while I keep reading and learning.

Then we need a longer conversation on the road ahead.  Lately, I have been mainly engaged with my day job at the Nation (writing about our failed president) but still intend to keep promoting the ownership ideas before anyone who will hear me.  Are you doing the same?  I hope so.  You have a powerful message and the authentic credentials to be taken seriously.

In recent months, I have encountered both promising and disappointing responses, the latter especially among liberals who typically don’t understand capitalism and are intimidated by the subject.  Your voice can be especially meaningful in bringing around such good people, helping them out of the fog.  If I can help, let me know.

Meanwhile, my sincere congratulations again.  As one who has slogged through the writing of long books, I know the costs, but I also know the rewarding satisfactions, regardless of how the marketplace responds.  You must be feeling good right now.  You have created something of value that will be important and enduring—a book that helps others to understand our circumstances more deeply and perhaps gives them the courage to engage in changing the future.  That’s a helluva contribution.  Someday hence your Grandson will read it too and feel very good about you and himself!

My best regards, Bill Greider


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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