According to various surveys, the richest citizens of the Czech Republic are almost exclusively people who became rich through coupon privatisation funds or through individual privatisation projects. The "fathers" of Czech privatisation did not have the experience or, in fact, the education to make such a large-scale transfer of assets from state to private pension funds.
"So, of the money the state contributes to these funds, 65% is taken by private financial institutions for management - this is privatisation of public money into private pockets in the flesh."
In an essay entitled "The Biggest Expropriation in Czech History"published in 1995 in Listy No. 6, Nepil wrote: "It is difficult to guarantee that this injustice will not one day result in rebellion. A just privatisation could have prevented the possibility that in the future it might be necessary to forcefully enforce civil obedience."
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