Lessons From Prague's Full Tilt Rush To Capitalism

Emil Mladek, formerly of Longboat Key, Fla., now of Prague, peers out of his communist-built apartment into the gray mist. It's May Day, a national holiday, and the retired Chicago commodities broker is recalling his emotional journey home to help the new Czechoslovakian government. At age 72, he has been thrust to the center of one of the great economic experiments of the decade. "When President Vaclav Havel called on us to come back, I never thought I would do something so important," he says.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.