Book Cover

Democratic
Capitalism,  The Way to a World of Peace and Plenty
by Ray Carey

Hard/Softcover/Kindle - 5 May, 2004, Available on Amazon.com

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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Letters

To educate citizens in how to structure government in support of Democratic Capitalism

  1. From N. Nohria, Dean of Faculty, Harvard Business School, to Ray Carey 1-31-13
  2. To N. Nohria, Dean, Harvard Business School, from Ray Carey 8-4-11
  3. To N. Nohria, Dean, Harvard Business School, from Ray Carey 5-9-11
  4. To N. Nohria, Dean, Harvard Business School, from Ray Carey 4-21-11
  5. To N. Nohria, Dean, Harvard Business School, from Ray Carey 4-11-11
  6. To N. Nohria, Dean, Harvard Business School, from Ray Carey 4-3-11
  7. To N. Nohria, Dean of Faculty, Harvard Business School 3-26-11
  8. Open Letter to the Intellectual Community, from Ray Carey 2-14-11
  9. To Msgr. R.M. Liddy, Seton Hall University, from Ray Carey 5-25-10
  10. To P. Gaffney II, President, Monmouth University, from Ray Carey 8-31-09
  11. To P. Gaffney II, President, Monmouth University, from Ray Carey 5-5-09
  12. To S.G. Rush, Pres. & CEO JA Worldwide, from Ray Carey 4-16-09
  13. To P. Gaffney, President, Monmouth University, from Ray Carey
    3-9-09
  14. To M. Gooch, from Ray Carey 2-16-09
  15. To Sen. B. Obama, from Ray Carey 1-15-08
  16. To F. Marshall, from Ray Carey 8-26-07
  17. To H.M. Allison, CEO TIAA-CREF, From Ray Carey 5-10-07
  18. To H.M. Allison CEO TIAA-CREF, from Ray Carey 4-15-07
  19. Open Letter to Educators, from Ray Carey 3-16-07
  20. To Sen. B. Obama, from Ray Carey 3-13-07
  21. Open Letter to Political Candidates, from Ray Carey 3-6-07
  22. To Harvard Business School, from Ray Carey 2-9-07
  23. To D. Bok, President Harvard University, from Ray Carey 1-16-07
  24. To H.M. Allison, CEO TIAA-CREF, from Ray Carey 1-15-07
  25. To Principal M.R. Baldassarre, Gardner High School, MA, from Ray Carey 1-15-06
  26. To Dean D. Dunlap, Hamline University, from A.F. Reposi, Chairman & CEO Lavoratore indipendente 11-13-05
  27. To Msgr. R. Liddy, Dir. Center for Catholic Studies from Ray 3-7-05
  28. From Ray Carey to Cato Institute 2-25-05
  29. From B. Morton to Ray Carey 11-14-04
  30. From C.T. Munger to Ray Carey 9-17-04
  31. From C. Huber to Ray Carey 8-3-04
  32. From J. Bogel to Ray Carey 7-19-04
  33. To The Inquirer and Mirror from Ray Carey 7-15-04
  34. From B. Greider to Ray Carey 6-10-04
  35. From W. MacMillan, Cargill Inc. to Ray Carey 11-3-03
  36. From R.C. Serfass, Associate Dean Academic Affairs, University of Minnesota to Ray Carey 8-28-03
  37. From R.W. Galvin to Ray Carey 4-4-01
  38. From J.C. Whitehead to Ray Carey 3-12-01
  39. To C.V. Prestowitz, President ESI, from Ray Carey 5-13-99
  40. From D. Dunlap, Dean, Hamline University, to R.V. Anderson, Phelps Dunbar LLP 12-10-96
  41. From R.V. Anderson, Phelps Dunbar Counsellors at Law, to Dean D. Dunlap, Hamline University 12-4-96
  42. To Senator J. Edwards, Dir. Center of Poverty, Work and Opportunity, UNC School of Law, from Ray Carey 4-25-96
  43. From M.W. Osheowitz, President, Edwin Gould Foundation for Children, to D. Dunlap, Dean, Hamline University 11-20-95
  44. From G. Maloney, to Dean D. Dunlap, Hamline University 11-20-95
  45. To D. Dunlap, Dean, Hamline University, from S. Rosen, Pres. Hansome Energy Systems Inc. 11-14-95
  46. To Ms. R. Herzlinger, Harvard Business School, from Ray Carey
    7-27-95
  47. From R.H. McCaffrey, KLM Communications Inc. 5-30-95
  48. From R. Van Scotter, VP Education Marketing, Junior Achevment Natioanl Headquarters 1-27-95
  49. From M. Hartoonian, Supervisor of Social Studies Education, State of Wisconsin Department of Public Instruction 1-23-95
  50. To J. Weinberg, Chairman, Goldman Sachs, from Ray Carey 1-30-90

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 2/7/2018 - Rejection

Updated on February 8, 2018

Owen decentralized to the work station and let the workers run their jobs. This was the key to motivate the workers to produce and innovate more. It required a management that understood the philosophy and were trained and motivated in it themselves. The Mercantile philosophy, however, was still one of maximizing profits by suppressing wages and benefits. In contrast, Owen's capitalism added worker income that was spent to the benefit of economic growth called the "multiplier effect".

Owen understood that the "intellectual" community demeaned his proposals. Early in the 19th century Owen had demonstrated the capitalism in which capital and labor were synergistic.Owen also identified the intellectual negative attitude towards capitalism that continues to the present.

This is still the challenge to the intellectual community to study the alternatives in capitalism in order to promote the one that maximizes the amount of wealth and distributes it broadly.
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Rejection

Owen joined the Manchester Literary and Philosophical Society. Its members were the elite of the town whose manners had been acquired in respected schools. In their company Owen never forgot his origins: 

I was yet but an ill-educated awkward youth, strongly sensitive to my defects of education, speaking ungrammatically, a kind of Welsh-English …I felt the possession of ideas superior to my power of expressing them, and this always embarrassed me with strangers, and especially when in the company of those who had been systemically...

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