This paper deals with the transfer of property rights from non-private to private agencies. First macro- as well as micro-contingencies of privatisations are shown. Then measures are described which should be applied before privatisation of a public services can start. After showing some of the dysfunctions of privatization in Eastern European countries the article closes with contingencies for cooperative polyarchies and the presenting of the variety of problems related to privatisation in non economic, especially schools, hospitals, theatres and prisons. The expected outcome of the above suggestions is the "third way" after Anthony Giddens: "The new mixed economy looks for a synergy between public and private sector utilizing the dynamism of markets but with the public interest in mind" (Giddens, 1998:99-100).
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