Balazs Orban: The Neoliberal Worldview Is No Longer Valid

So far, the global order has rested on neoliberal principles in the realms of economics, culture, and international relations. However, the neoliberal worldview is no longer valid. While its remnants remain, the structure itself has ceased to exist, said Balazs Orban, PM Orban's political director, during the closing panel discussion at the Danube Institute’s Trump 2.0 conference in Budapest on Tuesday.

Balazs Orban, political director of Prime Minister Viktor Orban (Photo: MTI/Boglarka Bodnar)

State and national security expert John Tsagronis, who is also professor at the Institute of World Politics in Washington, remarked that different political systems can work effectively in different regions. 

The post-1945 world order was built on international law, mutual security guarantees and free trade, but these basic pillars are now under attack. This is why Hungary’s continued stability within the Western alliance is so crucial, he cautioned. 

Doug Stokes, a security expert and professor at the University of Essex, observed that rising powers like China are seeking to leverage their growing economic might on the global stage, while the U.S is reevaluating its global role. However, he suggested that several factors - including the demographic crisis - could pose a challenge to China’s power in the future, making it premature to declare the end of the liberal world order.

Cover photo: Balazs Orban, political director of Prime Minister Viktor Orban (Photo: MTI/Boglarka Bodnar)