Hopes of a smooth transition from ‘goulash communism’ to market economies have long since been dashed by the ‘post-Soviet mafia-state’ in Hungary. But to what extent are liberal intellectuals themselves responsible, through their elitist disdain for the rest of the population, for the decline of democracy in Hungary?
is an economic anthropologist who specializes in rural societies of Eurasia. He is a Director at the Max Planck Society for Social Anthropology, Halle/Saale, Germany and co-author with Keith Hart of Economic Anthropology: History, Ethnography, Critique (Polity Press, 2011).
A common currency should remain a central component of international co-operation and redistribution, argues Chris Hann. But European debates on the compatibility of capitalism and democracy must be radically reframed if the currency, and the structures underpinning it, are to succeed.