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Bod Péter Ákos: Haveri kapitalizmus / LIVE STREAMING
Ákos Péter Bod: Buddy capitalism / LIVE STREAMING
Event by: Tudományos Stand Up, Bod Péter Ákos
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Friends' capitalism - still a market economy at all?
We know state socialism: everything was decided at the top of political power, the only escape route left was the black market. After its fall, it became a market economy again - in principle. There, sellers fight each other for customers' money, more successful companies develop in the competition, and the economy grows with them, the state maintains order and supervises fair competition. It sounds good - but we don't live in such a world. Is it still a market economy, where the winner is not the best bidder, but the one who is related to the big man? Where the competition is not for the customers' money, but for the politician's favor?
This is not a Hungarian peculiarity either: elsewhere they also know the 'hands-to-hands' principle, the world of my brother. There is also a technical term for it: crony capitalism. However, it is also known that such distortions destroy the economy and cost society a lot.
Then why do we allow it? Can we do anything about it? How, if any, is the Hungarian situation different? Is fair competition even possible here on the fringes of Europe?
Legitimate questions. We are waiting for the answers from Ákos Péter Bod, a university professor who himself was in a state leadership position, gained experience in developing countries and countries that are much more developed than ours, and has been researching the roads leading to economic development and their pitfalls for a long time.
Friends' capitalism - still a market economy at all?
We know state socialism: everything was decided at the top of political power, the only escape route left was the black market. After its fall, it became a market economy again - in principle. There, sellers fight each other for customers' money, more successful companies develop in the competition, and the economy grows with them, the state maintains order and supervises fair competition. It sounds good - but we don't live in such a world. Is it still a market economy, where the winner is not the best bidder, but the one who is related to the big man? Where the competition is not for the customers' money, but for the politician's favor?
This is not a Hungarian peculiarity either: elsewhere they also know the 'hands-to-hands' principle, the world of my brother. There is also a technical term for it: crony capitalism. However, it is also known that such distortions destroy the economy and cost society a lot.
Then why do we allow it? Can we do anything about it? How, if any, is the Hungarian situation different? Is fair competition even possible here on the fringes of Europe?
Legitimate questions. We are waiting for the answers from Ákos Péter Bod, a university professor who himself was in a state leadership position, gained experience in developing countries and countries that are much more developed than ours, and has been researching the roads leading to economic development and their pitfalls for a long time.