 In 1958, John Kenneth Galbraith (1908–2006) was the first to speak of an affluent society.In most of the countries the economic system is called a social market economy.With the fall of the Iron Curtain and the transition of the countries of the Eastern Bloc towards democratic government and market economies, the idea of the post-industrial society is brought into importance as its role is to mark together the significance that the service sector receives instead of industrialization.