VLADAJUĆA ELITA I PROCES DELEGITIMACIJE PRIVATIZACIJSKOG PROJEKTA: IMA LI POUKA ZA BUDUĆNOST?
THE RULING ELITE AND THE DELEGITIMATION OF THE PRIVATIZATION PROJECT

Summary/Abstract: ln this work the author analysed those features of the Croatian privatization project which had a decisive influence in destroying the political reputation of the previously ruling elite, gathered around the Croatian Democratic Union (HDZ), the ruling Croatian party from 1991 to 1999, as well as some of the fundamental legitimation patterns in the privatization policy of the new political elite. The conclusions of the author's analysis are the following: First. Although the privatization model and its execution were marked as "projects of a high social, economic and political risk", in Croatia this was not sufficiently taken into consideration. Second. The internal contradictions of the Croatian privatization model were never seriously discussed. Third. Due to the course of privatization in the first several years of its realization, a large amount of Croatian companies' assets ended up in government funds, which led to a repeated stateism over the companies in possession of valuable assetsand to the slowing down of the process of modernization in them. Fourth. The legitimation pattern of the previous political elite in the privatization project comes actually down to several fundamental elements: that the former non-ownership system is being abandoned through privatization, that the latter is instrumental in achieving a fair distribution of social wealth as well as popular capitalism, and that the aim is to ensure the development of "market economy analogous to Western Union".

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