Basic information
Interviewee ID: 990001
Name: Altangerel
Parent's name: Danzan
Ovog: Atagantsongol
Sex: m
Year of Birth: 1944
Ethnicity: Buriad

Additional Information
Education: tusgai dund
Notes on education:
Work: retired
Belief: Buddhist
Born in: Altanbulag sum, Hyaraan sum, Selenge aimag
Lives in: S├╝hbaatar sum (or part of UB), Selenge aimag
Mother's profession: herder
Father's profession: herder

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privatization; democracy; work;

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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.