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> I downvoted you because your post has nothing to do with the parent's original assertion (that privatization is viewed by many people as unfair - what does pr

> I downvoted you because your post has nothing to do with the parent's original assertion (that privatization is viewed by many people as unfair - what does privatization in the UK have to do with communism?) I linked to how the Mongolian People's Republic (ex-Communist) privatized by giving shares in state companies to their own citizens, on their own locally-run Stock Exchange, which has nothing to do with the UK. It was a pretty good way to privatize without just giving company control over to the former communist leaders. Click the Wikipedia link if you didn't, it's kind of interesting how they did it. > and your constant use of the word "seriously." That's valid, though. Touché, comrade.

sedachv 15y ago
"Click the Wikipedia link if you didn't, it's kind of interesting how they did it." I just did. Apparently you don't know anything about how privatization was done in other post-communist countries. The voucher scheme was used in Russia, with disastrous results (http://cog.kent.edu/lib/Ellerman5.htm http://cog.kent.edu/lib/Ellerman5.htm) and is remembered as one of the biggest scams of the "wild 90s." One thing you also don't seem to know is that Mongolia was governed by the incumbent communist party during the time the privatization took place (they won 85% of the vote in the 1990 elections and continued to govern without major opposition until 1996). This is why the following bit of information from the Wikipedia article is very informative: "Government Resolution No. 170 announced that the state would retain a stake of 50% in some large enterprises; mining, energy, transportation, communications, and water supply companies were excluded from the privatisation scheme entirely." The communist government kept those enterprises from the same fate they suffered in Russia by preventing their privatization. This is very similar to what happened in Belarus. PS - Many sectors in the UK underwent privatization in the 1980s. I don't see how that is irrelevant.

sedachv 15y ago

"Click the Wikipedia link if you didn't, it's kind of interesting how they did it." I just did. Apparently you don't know anything about how privatization was done in other post-communist countries. The voucher scheme was used in Russia, with disastrous results (http://cog.kent.edu/lib/Ellerman5.htm http://cog.kent.edu/lib/Ellerman5.htm) and is remembered as one of the biggest scams of the "wild 90s." One thing you also don't seem to know is that Mongolia was governed by the incumbent communist party during the time the privatization took place (they won 85% of the vote in the 1990 elections and continued to govern without major opposition until 1996). This is why the following bit of information from the Wikipedia article is very informative: "Government Resolution No. 170 announced that the state would retain a stake of 50% in some large enterprises; mining, energy, transportation, communications, and water supply companies were excluded from the privatisation scheme entirely." The communist government kept those enterprises from the same fate they suffered in Russia by preventing their privatization. This is very similar to what happened in Belarus. PS - Many sectors in the UK underwent privatization in the 1980s. I don't see how that is irrelevant.