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.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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 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...

Click here for the full post