Political Economy of Hungarian Authoritarian Populism

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This book emphasises the importance of state-business relations and external capital for structuring and strengthening authoritarian populism in Hungary. It argues these capitalist relations are crucial to understanding the economic aspects of this ideology, which has developed in the country since 2010.

This book emphasises the importance of state-business relations and external capital for structuring and strengthening authoritarian populism in Hungary. It argues these capitalist relations are crucial to understanding the economic aspects of this ideology, which has developed in the country since 2010. The book investigates both ‘internal’ and ‘external’ legs of the Hungarian political economy. First how a politically loyal national capital owning class has subsumed domestic business. Second the government’s operationalisation of ‘new’ inward transnational capital inflows – especially from China and Russia – to finance large-scale infrastructure projects, which complement extant investment particularly from Germany. Together, these developments have strengthened the hegemonic nature of Hungarian Authoritarian Populism, helping the government to continued electoral success. This model of governance is attractive to similar ideological expressions in the region and beyond who look for an example to emulate.

The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons [Attribution-Non Commercial-No Derivatives (CC BY-NC-ND)] 4.0 license.

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Acknowledgements

List of Tables

List of Figures

Introduction: The political economy of Hungarian authoritarian populism: capitalists without the right kind of capital

Part I: Capitalists without the right kind of capital: state-business relations under (Hungarian) authoritarian populism

Chapter one: The development of (Hungarian) authoritarian populism

Chapter two: Capitalists without the right kind of capital

Part II: Hungarian authoritarian populism at work: internal and external considerations

Chapter three: Fidesz and national capital: the government subsumes domestic business

Chapter four: Fidesz and Russian capital: The Paks II extension

Chapter five: Fidesz and Chinese capital: The Belgrade-Budapest railway upgrade

Part III: Authoritarian populism travels

Chapter six: The political economy of authoritarian populism: future trajectories

Index