a five-year auction of leases on about 22,000 stores and workshops to private bidders. "Russian government approves 5-year privatization plan".
In the United States, privatization is seen as a mechanism to be used to "downsize" government, cut costs for government, cut taxes for citizens, and promote balanced government budgets. Voucher privatization took place between and roughly 98 percent of the population participated. Under the program of the reformers the people got their freedom but little else and the state property was taken away from the Communist Party per se and even though in many cases the state propery remained in the hands of the same people those. Under Mexico's 1917 constitution, peasants, their children, and their grandchildren, have lived on cooperative farms called ejidos Under the constitution, the farmers had lifelong rights to use of the ejido property; those rights could not be sold, leased, or rented. But his intention to make Russians capitalists drowned in corruption. In accordance with Marxist theory, communist governments owned virtually everything. The Russian program for worker ownership made it easier for managers to gain sufficient equity in their firms to control them, while the Czech program lacked provisions that provided specifically for worker ownership. (Oxford, UK: Routledge, 2013). Sixth, privatized businesses promote competition. Rena Vintrov, "The general recession and the structural adaptation crisis Eastern European Economics, Vol. Therefore, the government pressured various companies, including oil, gas, and electricity companies, to make some of their shares available in exchange for vouchers. The day arrived for the privatization and there was a good turn out of people seeking use their vouchers to buy shares in the Bolshevik Biscuit Factory, including many employees and the management.