The defeat of Hungarian Prime Minister Viktor Orban was NOT a repudiation of free-market economics.

The Heritage Foundation ranked Hungary’s economy as only the 79th freest in the world, 39th out of 44 countries in the Europe region.

Inflation in Hungary since late 2019 has been twice the U.S. level, and last year its real economic growth rate of a paltry 0.3% lagged behind all of its neighbors.

Voters became exasperated with the inevitable corruption of Orban’s 16 year state-directed investment strategy. (We hope the Natcons here in America are paying attention.) His successor, Peter Magyar, is a former member of Orban’s party who managed to unite the nation’s smaller center-right parties.