US EditionFrom Illiberal Democracy to Illiberal Capitalism: Lessons from the Irish Experiment
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From Illiberal Democracy to Illiberal Capitalism: Lessons from the Irish Experiment
Few people would argue against trying to raise the standards of living in a country. Economic growth and prosperity are clearly a positive for society that experiences it. Consider the case of Hungary. In the early 1990s, on a PPP-adjusted per capita GDP basis, the average Hungarian income was just over $18,200. Today it is over $40,500. Hungary’s economic growth in this period has allowed it to overtake Greece, which went from having a higher a…
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