The shocking collection of stories is from events that happened in the immediate range of vision of an economic leader which present how the group of managers can obtain the ownership rights of the producing units they manage (be they cooperatives or state companies) by making use of the possibilities provided by the Transformation Act and the economic regulators and under what conditions does the privatization of state owned enterprises take place and how.

In this short paper the author replaces the alternative of state and/or private property by the basically new solution – the need to build the workers' councils as a system.

The author refers to concrete examples (the workers' councils of 1956 and partly the present Soviet experiments) and states that the establishment of the forms of workers' ownership is not only desirable but also possible.

Since 1968, the sharp struggle between state- and party bureaucracy and the managers of large companies for the ownership rights over the sphere termed as state was waged above the society's head. Today, in relation with the transformation, one can see the survival of former mechanisms – in new guise. The reform of ownership carried through without a social consensus and control may bring about the breaking up of the political consensus.

Reform concepts that receive support today do not wish to make the collectives of employers the owners. The author proves that self-government and economic rationality do not exclude one another.