Heng Seng is of particular interest to American Sociologists even before its diastrous decline last night even while we slept. Heng Seng is the stock exchange on which the success or failure of Hong Kong and of Chinese Market Socialism is registered. As it succeeds, it will re-structure capital markets, labor markets and commodity markets. So, if you are a sociologist in Europe or in North America, you will want to watch Heng Seng closely.
Social problems are, increasingly, globalized.
Child care, marriage forms, gender relations, race relations, health care policy, levels and kinds of crime as well as the shananigans of political life in Europe and in the USA are increasingly informed by the dynamics of global capitalism.