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The Political Economy of Hungary - From State Capitalism to Authoritarian Neoliberalism (Hardcover, 1st ed. 2019)
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The Political Economy of Hungary - From State Capitalism to Authoritarian Neoliberalism (Hardcover, 1st ed. 2019)
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This book explores the political economy of Hungary from the
mid-1970s to the present. Widely considered a 'poster boy' of
neoliberal transformation in post-communist Eastern Europe until
the mid-2000s, Hungary has in recent years developed into a model
'illiberal' regime. Constitutional checks-and-balances are
non-functioning; the independent media, trade unions, and civil
society groups are constantly attacked by the authorities; there is
widespread intolerance against minorities and refugees; and the
governing FIDESZ party, led by Prime Minister Viktor Orban,
controls all public institutions and increasingly large parts of
the country's economy. To make sense of the politico-economical
roller coaster that Hungary has experienced in the last four
decades, Fabry employs a Marxian political economy approach,
emphasising competitive accumulation, class struggle (both between
capital and labour, as well as different 'fractions of capital'),
and uneven and combined development. The author analyses the
neoliberal transformation of the Hungarian political economy and
argues that the drift to authoritarianism under the Orban regime
cannot be explained as a case of Hungarian exceptionalism, but
rather represents an outcome of the inherent contradictions of the
variety of neoliberalism that emerged in Hungary after 1989.
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