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Hungary’s Viktor Orban has not only swung Hungary to the populist right, cosied up to Russia and hollowed out Hungarian democracy. He’s also enriched his cronies while lately failing to deliver growth. So he might finally lose an election this week. Other populists have followed Mr Orban’s playbook, so the lesson of how to unseat him matters.
Across Europe is a very different problem: can a country be too rich? Norway floats on a sea of oil money. And that lets people and politicians avoid hard decisions. Our Free Exchange column argues that a thriving economy does not just meet people’s material needs, but gives them a meaningful relationship with work and reward. |