Interviewee ID: 990001
Parent's name: Danzan
Year of Birth: 1944
Education: tusgai dund
Notes on education:
Born in: Altanbulag sum, Hyaraan sum, Selenge aimag
Lives in: Sühbaatar sum (or part of UB), Selenge aimag
Mother's profession: herder
Father's profession: herder
Themes for this interview, suggested by the interview team, are:
(Please click on a theme to see more interviews on that topic)
privatization; democracy; work;
Alternative keywords suggested by readers for this interview are: (Please click on a keyword to see more interviews, if any, on that topic)
Click here to submit your own keywords for this interview
To read a full interview with Altangerel please click on the Interview ID below.
Summary of Interview 080305A with Altangerel
We talked about privatization with Altangerel.
Privatization started in 1992-93 and unfortunately it wasn't fair from the start. Livestock was distributed only to those who worked in the collectives and factory workers received a very small amount of money as their share. Many people did get not any benefits due to some factories going bankrupt, and many people did not understand about their shares when they invested them.
A few people bought stocks from people at a cheap price and then themselves bought large factories using the shares and became directors of the factory. Some of them were without any ability to manage large factories and some of them went bankrupt as a result. Apartments were privatized from 1998-2000 and apartments were given to those who owned them, while other people were left empty-handed.
Due to a lack of information about stock, only a few people benefited, and bought shops and factories with their supplies. There is no mechanism for accountability of the bankruptcy of companies and no political monitoring system, therefore many of the factories that were privatized were purposely bankrupted. Many workers lost their jobs and became poor due to the poor organization of privatization and people playing with stocks. As a result of privatization in the democracy period, there are now gaps between the rich and poor.