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Orbanomics: A polarising answer to the crisis of liberal dependent capitalism


Most analysts describe Orbanomics as anti-liberal anti-business policies only serving the interests of the political elite and loyal oligarchs. However, this is a misunderstanding. A wide segment of domestic and transnational elites benefit. Orban’s regime has a socio-economic logic that can only be understood in the context of economic globalisation. Orbanomics is a faulty and polarising answer to the crisis of Hungary’s post-1990 liberal dependent economic model. The long-term viability of Orbanomics and his regime requires authoritarian fixes. This analysis explains the political-economic logic of Orbanomics.


Keywords

Authoritarianism; Political economy; Illiberalism; Democratic backsliding; Dependent development; Accumulative state; Post-socialism; Orbanomics


Cite as: Scheiring, G. (2020). Orbanomics: A Polarising Answer to the Crisis of Liberal Dependent Capitalism. Friedrich Ebert Stiftung. Budapest.

doi: https://doi.org/10.13140/RG.2.2.21925.12004


Click here for the full paper.

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© Created by Noemi Scheiring-Olah.