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this post was submitted on 21 Dec 2023
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chapotraphouse
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Didn't Hungary used to have a massive manufacturing base that could conceivably be recreated, if the conditions were right? Or is Orban (much like Putin) too much of a liberal to ever do industrial policy like a 20th century leader, instead of whatever neoliberal bullshit that most countries do today.
we still have some manufacturing i think, assembling autoparts for germany, assembling batteries for some chinese company, that sort of thing.
maybe we're somewhat coming out of the massive slump that came when the soviet market collapsed, but i dont think the profits get invested locally...