The Czech post-sovereign state in the era of incomplete transition

The existence of an extensive sector of "recombined property" and pseudo-pr ivatization has been identified as one of the consequences of the Czech tra nsition. Previously, the author argued for a period of open and transparent ,,mixed economy" with a new role for Government, but with deeper study he c hanged his view. He now believes that it is unlikely that we will experienc e a,,repeated evolution" of the post-war experience of West European countr ies. He analyzes five main factors behind the restricted state sovereignty: 1) the logic of the global capital markets, 2) the influence of supranatio nal institutions, 3) the influence of the EU, 4) multinational corporations , and 5) the lose of the consumer society and the erosion of citizenship. A n incomplete transformation and the bad concepts of this unprecedented inst itutional change, the author says, compound these general tendencies, in th e Czech Republic. The Czech economy urgently needs institutional reforms ba sed on political realism and rediscovered moral idealism.