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1 “Social capital” is here used in the critical meaning of universal accessibility of life reproduction means and not in the potentially apologetic sense of the systemic disintegrative effects of the historic dispossession and private appropriation of socially produced surplus value mitigation through social networking and communication.

2More on the economic and social context of the destruction of Yugoslavia see in Johnstone, D, 2002 and Vratusa, V, 1997b

3 Table of correlations
present work place, recodedage, by 15 yearsschool,4 categories3 regionsCONSUMIPROPERTYINDEXEARNINGIGENDERAre you for the participation of the employees in management?Attitude toward privatisationpresent work place, recoded Pearson Correlation1,159(**)-,394(**),064(**)-,342(**)-,211(**)-,215(**)-,156(**),023,185(**) Sig. (2-tailed).,000,000,000,000,000,000,000,214,000 N3080308030803080308030803080308029553036age, by 15 yearsPearson Correlation,159(**)1-,406(**),066(**)-,366(**)-,168(**)-,047(**)-,010-,100(**),123(**) Sig. (2-tailed),000.,000,000,000,000,010,583,000,000 N3080308030803080308030803080308029553036school, 4 categoriesPearson Correlation-,394(**)-,406(**)1-,220(**),478(**),087(**),342(**),139(**),013-,298(**) Sig. (2-tailed),000,000.,000,000,000,000,000,472,000 N30803080308030803080308030803080295530363 regionsPearson Correlation,064(**),066(**)-,220(**)1-,261(**)-,001-,300(**)-,012,033,059(**) Sig. (2-tailed),000,000,000.,000,975,000,518,072,001 N3080308030803080308030803080308029553036CONSUMIPearson Correlation-,342(**)-,366(**),478(**)-,261(**)1,308(**),391(**),044(*),027-,239(**) Sig. (2-tailed),000,000,000,000.,000,000,015,142,000 N3080308030803080308030803080308029553036PROPERTYIPearson Correlation-,211(**)-,168(**),087(**)-,001,308(**)1,152(**),044(*)-,003-,154(**) Sig. (2-tailed),000,000,000,975,000.,000,015,875,000 N3080308030803080308030803080308029553036EARNINGIPearson Correlation-,215(**)-,047(**),342(**)-,300(**),391(**),152(**)1,009,023-,226(**) Sig. (2-tailed),000,010,000,000,000,000.,606,218,000 N3080308030803080308030803080308029553036GENDERPearson Correlation-,156(**)-,010,139(**)-,012,044(*),044(*),0091-,054(**)-,172(**) Sig. (2-tailed),000,583,000,518,015,015,606.,003,000 N3080308030803080308030803080308029553036Are you for the participation of the employees in management?Pearson Correlation,023-,100(**),013,033,027-,003,023-,054(**)1,008 Sig. (2-tailed),214,000,472,072,142,875,218,003.,678 N2955295529552955295529552955295529552923Attitude toward privatisationPearson Correlation,185(**),123(**)-,298(**),059(**)-,239(**)-,154(**)-,226(**)-,172(**),0081 Sig. (2-tailed),000,000,000,001,000,000,000,000,678. N3036303630363036303630363036303629233036** Correlation is significant at the 0.01 level (2-tailed).

* Correlation is significant at the 0.05 level (2-tailed).

4 Ominous impediment to more active role of trade unions also in the future is the fact that in the most numerous new small, medium-sized and also big private enterprises there is no not only social dialogue, but there is often no trade union organization as well. According to the results of research conducted on the rights of workers in middle and large domestic and foreign companies in Serbia compiled and documented by Freedom Fight (2007), none of the 50 examined companies had unions or other forms of labor organizations. Workers who attempted to organize were discouraged and stopped through various informal means such as managers giving strong ''advice'', or by simply firing individuals-scapegoats-in order to discourage others from organizing. One of the most surprising discoveries of the research was to find that two of the companies have explicitly stated in their code of conduct for workers that labor organizing is not welcome.
Understanding that with the current high level of unemployment (hovering around 45%) employers have the added advantage of being able
to force workers to give up their labor rights, puts those who attempt to actualize their rights in the situation where they can find themselves on the street tomorrow. Without trade union support, employees seldom go to court from fear of losing even the job under bad working conditions like not remunerated long working hours.

5 Table 1 Attitude toward privatizatin of public interprises and toward participation in decision making of trade union members and not members 2003 i 2005 – in %

public enterprisemember 2003not member 2003active member 2007not member 2007not active member 2007water yes16,619,418,918,412,1water no63,358,651,457,361,6electr. yes10,115,514,916,910,1electr. no69,360,860,859,361,6oil yes14,626,320,319,212,1oil no59,146,851,454,659,6transp. yes29,033,937,026,528,6transp. no43,939,837,048,539,8banks yes38,839,444,638,734,3banks no36,935,424,332,338,3health yes15,719,221,616,2 9,1health no61,254,863,563,661,6particip. yes50,752,751,451,663,6particip. no22,230,921,631,217,2

The regularity that in 2007 the respondents active trade union members more often than respondents not trade union members preferred privatisation does not hold true in the case of electricity, but here the difference in attitudes of these two respondents’ categories has narrowed down very much.

6 There exists econometric evidence on the positive link between minority employee participation in traditional capitalist enterprise results and productivity in the West. According to D. Kruse’s (1991) review of 36 formal empirical studies, out of 265 estimated measuring coefficients, 91.7% take on a positive value. Increases in productivity were found to be the largest in small companies adopting cash plans (Perotin, Robinson, 2003).

7 Thus the argument of many neo-liberal scholars like Friedman, policy makers and international financial institutions like the World Bank, that efficient corporate governance would be best achieved through outside strategic owner with sufficient percentage of shares stake needed for effective monitoring, simply could not have been implemented everywhere.

8 Vaucher privatization among examined countries was partially used also in Slovenia, Poland. Lituania and Latva, and among unexamined countries first of all in Russia, but also in Jermenia, Kazahstan and Kyrgizia.

9 If Serbia participated in PEPPER III survey it would have been classified in this group of countries only up to 2004. when the new Law on economic societies left out even the possibility of employee council formation in enterprises with 50 or more employees (Rombanji, S., 2004).

10 Table 2: Financial participation in the new Members and Candidate Countries of the EU