The day before yesterday and yesterday, I focused on Orbán’s economic and state model. Today, I will build on this by adding what Professor Budil writes, as his concept offers a different perspective. He offers an alternative classification of political systems to the one we usually work with.
We are familiar with the division between socialism, capitalism and the mixed model, based on whether factories and banks are state-owned or private. Alternatively, we are familiar with the division based on how political power is distributed, or how easily and often the people can intervene in the running of the state. This is the division into democracy, dictatorship, oligarchy, and so on.
Professor Budil works with a different distinction.
- Political power rules financial power: latent capitalism.
- In manifest capitalism, financial power rules political power.
Either bankers rule kings, or kings rule bankers. The form of ownership or distribution of political power is less important.
In our generation, countries where political power prevails over financial power tend to be better off, safer, richer and more developed, with a rising level of education. I am far from claiming that we have discovered a law of history, but that is how things are at the moment.