American Sociological Review, Vol. 68, page(s): 899-916
Command economies gave Communist-era elites administrative control and material privilege but severely restricted money income and private wealth. Markets and privatization inject new value into public assets and create unprecedented opportunities for elite insiders. These opportunities depend on the extent of regime change and barriers to asset appropriation. Regime change varies from the survival of the entire party hierarchy to its rapid collapse and defeat in competitive elections.