Another hungarian here. Definitely before 1989 Hungary was probably known for having one of the best living conditions under the USSR’s sphere. It went pretty good in terms of spending power (heavy censorship in media if not aligned with the regime’s view, forced labor, government spying agents everywhere, couldn’t talk about 1956, etc.) until the 70’s when Kádár (the dictator of the country) realized that he can’t keep up these living standards, except if he takes up debt. So he literally taken up debt to keep up this facade, which really hit to us when we replaced the regime, and since the people have been so used to this kind of populist leadership type, they have chosen Orbán (current president) several times, despite the horrendous amounts of corruption, stomping freedom of speech, fearmongering, spying on opponents phones etc, just because he is really good at continuing the populist ideology which Kádár has done.
EDIT: I’m not saying capitalism is good, I rather support a hybrid model which the EU does currently. Too much state intervention is bad, and too much freedom for corpos are also bad too. In my case my government happily accepts building factories in this country which 100% is better for agriculture, and these corpos doesn’t have to pay much tax, can overtime workers and only pay them like 4 years later (yes this is legal).