Goulash Communism

Goulash Communism refers to Hungary's unique approach in the late 20th century, where the government combined socialist policies with pragmatic, consumer-focused reforms. It allowed limited private enterprise and eased restrictions on Western goods, leading to a mix of state control and market freedoms. Named after the Hungarian national dish "goulash," symbolizing this blending of socialist and capitalist elements, it aimed to improve living standards and create a more stable, functional economy within the framework of socialist ideals. This approach helped Hungary maintain relative stability and modest prosperity during the declining years of the socialist bloc.