Hungarian Conservative

‘The Bukele model is turning the neoliberal approach on its head. It advocates for a strong state, with the leader—in this case, the president of El Salvador—as the all-important controller of decisions in determining the country’s future. The budget of the state has ballooned, starting with the heavy funding of security services while simultaneously investing in social services, from the creation of neighbourhood social centres to the augmenting of pensions and investing into getting the Bitcoin into circulation.’

US foreign policy is set ‘to remain volatile and subject to disruption with changes of government and the whims of the political class. For a country like Hungary—arguably lacking the same geopolitical leverage vis-à-vis Washington—the Salvadoran reality might not offer a blueprint, but it does present a lesson’, our contributor Michael O’Shea argues.