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 4:50





January 31, 2013

Mr. Raymond B. Carey, Jr.
Carey Center for Democratic Capitalism
34 Browns Dock Road
Locust, NJ  07760

Dear Mr. Carey,

Alaina Flaherty kindly forwarded your letter of March 28, 2011, to me. I am so sorry for the long delay in responding.

I appreciate your thoughtful letter and your interest in and concern for educating young people of character and integrity. I share your deep concerns for developing our next generation of leaders. Thank you as well for your cogent description of Democratic Capitalism.

While our goals are similar, our means of achieving them differ. At Harvard Business School, our first-year students takes a class on Leadership and Corporate Accountability, in which they spend a semester focusing on just these issues. We also aim to thread the issues of honesty, character, and integrity throughout our courses. It is important to me that all our alumni, as you so well demonstrate, lead with these values at the forefront of their minds.

Thanks for your interest in management education.

Best Regards,

Nitin Nohria

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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