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POPSPetty Capitalism in the Centre of a Post-socialist Capital Transformations in the political and economic spheres after the collapse of communism determined rather localized responses to these forces. It was not a linear development to reach the Western societal models, as “transition” assumed. Even if there was a growing internal and external pressure to rationalize and formalize economy in the capitalist logic, the mechanisms they fostered functioned after a period of uncertainty. Opposite to transitology, it is argued that the formalization of economy is coexistent with informal practices of economy - that sometimes have lasted since the Communist Era. In this sense, I find extremely poignant the resultant blend of formal and informal economy that characterizes most of these countries. Therefore, I will further focus on a seasonal market held in a central square of Bucharest.
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