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  1. Viktor Orban

    Lessons from the Political Economy of Authoritarian Capitalism in Hungary

    • Gábor Scheiring
    09 April 2018
    Paper

    Hungary was once praised as an example of successful democratisation and EU integration, but now has joined the ranks of ‘liberal’ nations backsliding into authoritarianism. Many commentators blame Orbán and his anti-migrant, anti-EU populist rhetoric, but ignore the underlying causes in particular the failings of market reforms in the country, high unemployment, low wages, spiraling household debts, and a nationalist capitalist class resentful of the advantages given to their transnational capitalist competitors.