Sociology
In reviewing capitalism worldwide following the downfall of communism in the Soviet Union some observers suggest that:
Russia Eastern Europe Latin America and Asia have fully accepted and are practicing the style of capitalism practiced in the United States
capitalist nations fully agree on the merits of capitalism practiced by all developed nations
in dynamic Asian nations (e.g. Japan Singapore Hong Kong South Korea and Taiwan) government intervention in economic life has resulted in a government-business symbiosis ” different from that in Europe and the United States
the performance of the Asian economy and financial institutions in late 1997 and early 1998 strongly supports the government-business /state capitalism/communal capitalism economic arrangement
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