Kokneses Novads Travel on Government regulation of the environment, workplace safety, and consumer products had increased dramatically. Generally speaking, the story is similar in Europe. In the 1980s and 1990s, some nationalized industries (airlines, telecommunications, steel) were converted to private companies. But government spending has progressively grown, as has regulation. From 19602002, government spending rose from 3045 percent of GDP in Germany, from 2846 percent of GDP in Italy, and from 3749 percent of GDP in France (19632002). Almost everywhere the welfare state has grown. Still, capitalism has regained respectability for two reasons: fading memories and the end of the Cold War. Kokneses Novads Travel 2016.