The Concept of ‘Credit Privatization’: Possible Way of Entrepreneurship Renaissance in Czechoslovakia

Abstract

‘Slušovice, Czechoslovakia, is the last expected place of one of the most successful experiments of the socialist entrepreneurship. Agricultural agrocombine Slušovice is a community of several thousands of workers with absolutely atypical interest in up-to-date technologies’. The above characteristic of presumably the most up-to-date enterprise in Czechoslovakia before the November ‘velvet’ revolution (1989) was published in 1988 in an American magazine Genetic Engineering News. At approximately the same time, the Vienna TV called this Czechoslovak enterprise a capitalist oasis in the communist desert. Similar definitions of this dynamic enterprise could be found with respect to both its past and present. In this article, a leading member of the original Slušovice Agrocombine and of the present DAK MOVA Slušovice, the successor of its entrepreneurial tradition, and his expert partner from economic research, deal with a topical theme on possible way of transformation of the present state economy to the market basis. This concept resulted from a practical effort to develop an active entrepreneurial system in the Slušovice Agrocombine. Its potential value could have a wider social-economic application.