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Abstract:
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"Socialism lasted on a collective belief that centralized political organization has a capacity to overcome individual diversity in the pursuit of common good. However, the illusion of everlasting prosperity toward non-conflict society was brutally shortened during the ‘90s by the breakdown of socialist state and proceeding regression toward capitalism that was prescribed by neoliberal economists as shock- therapy for economically undeveloped and politically unstable countries. During this period concept of collective emancipation was stripped down and people were left alone to find their ways to survive rapid privatizations of the state-owned enterprises, collapses of the institutional system, commodification of public services, deregulated market competition, and glorified globalization that was promising a speed lane to the instant personal wealth."
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