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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Reuben V. Anderson

Diane Dunlap
Hamline University

        Re: The Carey Scholars

Dear Ms. Dunlap:

       I have had the great fortune of knowing Ray Carey for the past five years.  I have followed closely his work on democratic capitalism, and just as important the young scholars he’s nurturing.  I know of few things taking place in this country that are as exciting as Ray’s vision of democratic capitalism.  I look forward to working with him and hopefully introducing democratic capitalism in Mississippi, possibly at the University of Mississippi School of Law.  I am therefore enclosing a small contribution to the cause.

Best wishes for the holidays.


                               PHELPS DUNBAR, L.L.P.

                               Reuben V. Anderson

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.