ABSTRACT
This chapter argues that both the combatants and their respective capabilities can be traced in part back to the political consequences of privatization. It focuses on the Pension Reform Act, the party is of no real relevance for current purposes. The difficultly or challenge lies with the objective itself, as it offers neither joint ness of supply nor exclusive benefits. The effect of this legacy can be seen in the electoral arena as demonstrated by a median-voter based study which concluded that radical changes in the present design of social welfare in the Czech Republic. The Czech experience also suggests that the winners of privatization have not come to dominate the political arena. Unlike the Hungarian restitution program, which provided financial compensation for assets seized during the communist era, the Czechs simply returned the physical property itself. Poland by comparison, failed to agree politically on any particular method and hence did not undergo a period of restitution.
