The subject of the paper is to point out the need of compatibility between economic institutes and economic freedom in which the former are given priority. The aim of the paper is to try to explain - with a critical view of theoretical recommendations of neo-liberal economic pseudo-reformers certain aspects, dilemmas, errors and negative results of the post-socialist transition and privatization, especially the imbalance between defeating practical results and rhetorical theoretical absolutism of the private property institute as the basis of economic freedoms, entrepreneurial and market business.