ANGLO-SAXON CAPITALISM

A type of capitalism which is often related with the United States and the United Kingdom, but also defines the economies of countries such as Ireland, New Zealand, Australia and Canada. Traditionally, it has heightened the free-market tendencies, embodied by less regulated labor and financial markets. It is different from its counterpart, the continental capitalism, which is more focused on wealth redistribution and state-control. Majority of the countries within continental Europe including Germany, Italy and France posses the form of the continental economic model.