DEVELOPMENT AND POLICY ADMINISTRATION 43 administration. Some other longed for converting their functions of managing public property in their private property. It is true that there were some others who tried to eliminate the deviation from true socialism by giving workers of the state enterprises, to works' collectives real rights of participation in management, of control over managers. But these attempts culminating in passing Socialist Enterprise Act had met strong counteraction of the bulk of the nomenclature, including managers. Though under the Act the employees (works' collective) of enterprise had been given wide rights of participation in decision-making process - (directly and through its elected representative body - the Council of Works' collectives) - and even the right to elect managing director at the implementation level these rights were largely undermined by lack of qualified support and infrastructural facilities (training, consulting, judicial, etc.). Yet another limitation was non-cooperative and even hostile attitude of influential strata of trade union leadership which considered the Councils of Works' collectives as their rivals and at the same time ignored the rights of employees to participate in management (restricting own activities to defending them only as hired labour devoid of ownership and management rights). In any case this movement towards advancing socialist development by removing the main deviation from the true socialism was rather short lived. The internal and external adversaries of socialism had united to change the course of reform. They substituted the meaning of the popular slogan of "making people real masters and real owners" identifying it with that of privatisation. The course of reform was drastically inverted. The socio-economic policy which under the label of "reform" has been carried on since 1992 (on prescriptions and under control of the IMF) is nothing but forced total dismantling of the system of the state sector and state regulation of the economy, exposing the latter to free play of market forces and opening it to uncontrolled expansion of foreign goods. The domestic industry and agriculture had become the main victim of such "reform". On the one hand, they were stifled by lack of financial resources induced by "the fight with inflation" cause by the course of "reform". On the other hand, they were suppressed by unrestricted import of foreign goods, helped by the policy of keeping unrealistically high exchange value of the rouble. In 1997 the industrial production was 47 per cent less than in 1991 the agricultural production - 35 per