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Google圖書搜尋
Privatizations Spark Socialist Backlash
Anselm Hager
Moritz Hennicke
Werner Krause
Lukas Mergele
其他書名
Evidence from East Germany's Transformation
出版
SSRN
, 2022
URL
http://books.google.com.hk/books?id=ZnuJzwEACAAJ&hl=&source=gbs_api
註釋
The fall of the Berlin Wall in 1989 brought the end of socialism, yet pro-socialist sentiment regained momentum surprisingly quickly across Eastern Europe. Why did voters move back to an ideology that was associated with unfree elections and lackluster economic performance? This paper points to the rushed privatization of East European economies as one plausible driver of the revival of socialist voting. Using micro-level data from East Germany, we show that firm privatizations led to a marked resurgence of the former Socialist Unity Party. We argue that this effect is likely due to perceived inequity: Socialist voting thrived whenever firms were sold to Western elites, which East Germans took as a sign that capitalism was not meritocratic.
