Soon after re-election in 2010, Fidesz, the ruling party in Hungary, introduced a new ideology, the National System of Cooperation (Nemzeti Együtműködesi Rendszer, NER); it is related to Orban’s concept of “illiberal” democracy. Part of this ideology is the creation of a new class — the NER Knights, oligarchs who owe their wealth to Government … Continue reading "How Hungary’s Oligarchs destroy Standards of Living for the Majority By Les Nemethy, CEO, Euro-Phoenix M&A Advisors,...
