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.

Most Recent Post

CCDC 11/15/2017

November 14, 1995
Diane Dunlap
Dean, Graduate School
Hamline University

Dear Dean Dunlap:

I was very happy to hear about the plans for the “Carey Center” at Hamline University. It has been a source of much frustration to me that business concepts which I have seen working and which I admire have so little visibility in academia.

Ray Carey was Chairman of the Board and CEO of ADT Security Systems Inc. when I joined their Engineering Department in 1973. My specialty was Microwave Transmission Systems, and my previous employers were Bendix Navigation & Control Division and IT&T Avionics Div. Working at ADT was very different from working at either Bendix or IT&T.

ADT had a charter which was taken seriously. We, the employee-associates, were entrusted...

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