On September 14-15 the Hungarian government took on record debt, issuing an unprecedented amount of FX denominated bonds. Continue reading
Tag Archives: Corruption is the purpose of the system
Lessons from MO1 to O1G
The 1MDB scandal has rocked Malaysia and impoverished its taxpayers by 4.5 billion dollars. It now has a challenger for the title of “largest kleptocracy case to date”. Continue reading
Orbán’s Bucket List
The true political priorities of 2021. Continue reading
Innovation in kleptocracy – Corporations can now pay taxes to loyalist foundations and the state has to pay them back
The 2022 tax bill has been rubberstamped and includes a line that allows corporations to donate into Orbán’s loyalist foundations – and get a 300% state tax credit for it. Continue reading
The Orbán-family made 15 billion in seven years
Talking of being a salary man with no savings. Continue reading
What do you get for calling the EU “Soros’ gas chamber”? 80 million euros, castles, night clubs and to be your country’s culture tsar
In December 2020 the political appointee at the helm of Petőfi Literary Museum published a combative editorial calling George Soros the “liberal Führer” whose “liber-aryan followers worship him more subserviently than Hitler’s did Hitler”. He called Europe “George Soros’ gas chamber”. Continue reading
Let them eat meat!
Free potatoes are handed out to those who support the mayor. Scornful insults to those who liked a post about the mayor’s corruption. Continue reading
70% of Hungarian universities lost even the last remnants of their autonomy
No, universities didn’t become private. They have just lost their autonomy to Orbán. Continue reading
If the Suez Canal was in Hungary
I was looking at the famous picture of the little excavator pecking away at the base of a city-sized vessel and couldn’t help but wonder how the scene would have looked like if the accident took place in the US. Continue reading
Holding Orbán accountable
Observe submissive authoritarian minds in action. Continue reading
