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Remains of SocialismMemory and the Futures of the Past in Postsocialist Hungary$
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Maya Nadkarni

Print publication date: 2020

Print ISBN-13: 9781501750175

Published to Cornell Scholarship Online: January 2021

DOI: 10.7591/cornell/9781501750175.001.0001

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A Past Returned, A Future Deferred

A Past Returned, A Future Deferred

(p.163) 6 A Past Returned, A Future Deferred
Remains of Socialism

Maya Nadkarni

Cornell University Press

This chapter examines how the experience of the crises fueled renewed complaints that remains of socialism prevented Hungarians from attaining a “normal” life of political civility and economic prosperity. It talks about Hungary's twentieth anniversary of 1989, in which the memory of the transition now only inspired the lament that “communism never ended.” With the anniversary of the events in 1989, new political and economic crises appeared to threaten the success of Hungary's postsocialist transformation. The chapter also narrates events on the fiftieth anniversary of the 1956 revolution in 2006 when the right-wing demonstrators protested the socialist-led government and had admitted to lying to win the election. It also discusses the global financial crisis in 2008 that hit Hungary with disproportionate force that lead to the first-ever International Monetary Fund bailout of an EU country.

Keywords:   socialism, political civility, economic prosperity, communism, postsocialist Hungary, global financial crisis, International Monetary Fund bailout, financial bailout

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