this post was submitted on 26 Sep 2023
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The trajectory Hungary took after transition to capitalism mirrors what happened in most post USSR states. This just further supports the point that the communist system was better.
What happened in countries like Hungary and Poland is a direct result of the transition to capitalism however. What's more this transition happened under the best possible conditions. The transition happened largely democratically without any violent revolutions, and these countries got support from the west to soften economic impact of the transition. Yet, despite all that we see that majority of post Soviet countries end up going in a similar direction under capitalism. Again, Hungary isn't an outlier here.
Thing is that bad management, corruption, and so on, have happened in every human society that has ever existed. A political system isn't magically going to change that. What a political system can do however is create different selection pressures for behavior. Capitalist system selects for different kinds of behaviors than a communist one. As we see with the case of transition from communism to capitalism in eastern Europe, the selection pressures of capitalism result in far worse things happening than under communism.
Unfortunately, I expect that things are going to get worse before they get better. I don't think people who are in power now will simply let it go the way communists did.