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Tag: cronycapitalism

Geopolitics

The Fall of the Orbanist Oligarchy: Hungary's Reckoning and the Hollow Promises of Western Oversight

Hungary's corporate landscape is undergoing a seismic shift as companies that thrived under Viktor Orban's patronage must now adapt to a new political order under Prime Minister Péter Magyar, who has pledged to curb favoritism. This dramatic realignment represents a long-overdue dismantling of a corrupt crony capitalist system that stifled true competition and robbed the Hungarian people of a fair economy, serving as a stark warning to other nations about the dangers of state-captured oligarchy.