In assessing the consequences of modern the economic history of Eastern Europe in the post World War II period is extremely significant. Five years after the end of World War II, it is Eastern Europe which has experienced the swiftest evolution in economic form. In varying degrees, Poland, Czechoslovakia, Yugoslavia, Rumania, Hungary, and Bulgaria have shifted from capitalistic to communistic economies. Behind this transformation was the impetus of World War II. The Russian revolution, itself, it should not be forgotten, occurred in the late stages of World War I. No symposium dealing with modern problems of would seem complete without some discussion of modern in its most generalized sense, i.e., the loosening and weakening of the basic economic structure of modern societies under the pounding of military and economic warfare and the revisionist policies of enemy occupations. The lesson of Eastern Europe is that economic reform is tremendously accelerated, nationalization ensues, and, given political pressures generating from within a destroyed or injured economy, and simultaneously asserted from without, the form of the society is transformed. Thus neither the legal, economic, nor political aspects of to property can, in our time, be fully isolated or considered in a vacuum. Compensation for is, of course, the touchstone of the legal approach. War may have occurred on such a scale that compensation in the conventional sense cannot be practically entertained. Compensation, as an economic device for restoring economies, may be rejected by governments in the face of overwhelming compulsions to adopt alternative solutions. In the circumstances of World War II, given the magnitude of the injuries and wrongs to private individuals, the thoroughgoing overhauling of property rights perpetrated by the Nazi occupants of Eastern Europe,1 and the uniform policies adopted in the liberation and reconstruction period of 19451947, war damage moves away from war claims and merges with the fundamental political considerations of the economics of reconstruction. It cannot be divorced from the post-war reorientation of views concerning property rights and relations. Thus Poland and Czechoslovakia, facing similar problems of postwar reconstruction, quickly recognized the oneness of property rights, political * Ph.B. 1929, J.D. 1931, University of Chicago. Member of the Illinois and District of Columbia bars. Until December, 1950, Assistant to the Legal Adviser for International Claims, Department of State. Contributor to legal, economic, and political science periodicals. 'See RAPHAEL LEMKIN, Axis RULE IN OCCUPIED EUROPE 36-49 (1944). Social philosophers and statesmen must watch carefully the phenomenon of the destruction of the institution of private property in Europe in the present war, which may become even more extensive if the is prolonged and may prove significant for future developments in the post-war period. Jd. at 40.
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