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 4:9


Senator John Edwards
Director, Center of Poverty, Work, and Opportunity
UNC School of Law

Dear Senator Edwards: 
I was the Chairman and CEO of ADT, Inc. for about 18 years and have since studied the economic-political system for an equal time. The enclosed book, the product of this experience and study, can make a contribution to your Center’s mission and at the same time outline a political reform agenda for your examination.
The agenda is built on support of democratic capitalism, the good capitalism, while purging ultra-capitalism, the bad, with clear action on how to get from the bad to the good. A powerful political agenda is available for one who understands how Adam Smith’s few conditions for the success of economic freedom are violated, and how economic common purpose can displace imperialism. 
Please visit my web site for more on democratic capitalism, a bio, reviews of my book, and a description of my Carey Scholars program. Note the range of support in the testimonials on the back of the book from Republican, John Whitehead, former Deputy Secretary of State in the Reagan administration, coupled with Dr Hartoonian, a liberal professor. Whitehead was also Co-Head of Goldman Sachs which is important support considering my criticism of Wall Street.
My name may be familiar to you as have met my daughter Dr Lisa Carey in a professional capacity.
I am in Chapel Hill a few times a year and would like to meet with you to explain how my agenda can energize voters, particularly the near majority that does not vote.


Ray Carey

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.

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

Capitalism produces wealth from market freedom and competition, democratic capitalism maximizes wealth from worker participation. Their sharing in the improvement sustains motivation and adds consumer income that increases economic growth. The value system is trust and co-operation, the impediments are mal-distribution of wealth and violence among nations and people.

Surplus wealth was built by firing workers engaged in growth programs and by not increasing wages for productivity gains. Corporations avoiding taxes left $6 trillion of this surplus sitting in foreign accounts. The distribution of this surplus depends on a critical Board decision. It should be returned to the workers in wages, dividends, and profit sharing that add to economic growth, but managers influence Boards to repurchase shares to hype the value of options while hurting economic growth.

The workers are now capitalists through their pension funding, but they are not yet organized to influence policy. Finance capitalism continues to dominate the economy and influence politicians. Reformers who should correct this capitalist perversion do not understand wealth production from democratic capitalism; instead they concentrate on the political structure that distributes wealth.

CCDC June 27, 2017

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