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Jay Zeidman Communism to Capitalism in Hungary and the Czech Republic: The Transition to a Market Economy In the twentieth century, Communism was an ever present, dominating regime that controlled society and all economic activity all over Europe in the 20th century. The state dominated all enterprises, controlling every aspect of it including labor. Under this regime, every person living in the country was assured a job. This also meant fixed income. Prices were adjusted to accommodate the incomes of the working class, thus the way of life in the pre-1989 era was stable, yet poor and unchangeable. In Hungary and Czechoslovakia, Communism was a way of life. "Though Communism had always been historically weak,"1 it brought food to the table and job security for the locals. The economies of both countries were running in this continuous circle, and not much from the outside was allowed in the state. After the breakup...

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