– The post-communist institutional order in the countries of Central and Eastern Europe is a new model of capitalism, separate from the four models that have existed in the European Union so far. Its essence is best described by the term “patchwork capitalism”, because we draw a little from different models, and at the same time we have not managed to create a stable and coherent institutional order – says Prof. Mariusz Próchniak, Dean of the College of World Economy and Head of the Department of Economics II SGH, in the studio of Dziennik Gazeta Prawna and the Warsaw School of Economics at the Economic Forum in Karpacz.
The professor explains, among other things:
- What are the main conclusions from comparing post-communist capitalism in Poland and other new European Union member states from Central and Eastern Europe, i.e. Bulgaria, Croatia, the Czech Republic, Estonia, Lithuania, Latvia, Romania, Slovakia, Slovenia and Hungary, with the four models of Western European capitalism that coexist in the EU (Anglo-Saxon, Continental, Nordic and Mediterranean).
- Which model do we draw the most from in our region and what does it depend on?
- What are the most striking features of post-communist capitalism in Central and Eastern Europe?
- Why are the weakness of institutions and the lack of a coherent institutional order a threat to the further development of the countries of our region, including Poland?
- Why are the short-term interests of the political class fundamentally at odds with Poland’s long-term interest in building a lasting institutional order?
We strongly encourage you to watch and listen to this inspiring conversation.
