Weimarization

Noun

Weimarization (uncountable)

1. (British, English, Oxford, US) A state of economic crisis leading to political upheaval and extremism.
   • In a last frantic move, the Peronist government again turned to a stringent stabilization plan (i.e. another 100 per cent peso devaluation, 90 per cent increases in publicly-controlled prices, coupled with a meagre 20 per cent increase in nominal wages). […] Some idea of this incredibly rapid...1985, William C. Smith, “Reflections on the Political Economy of Authoritarian Rule and Capitalist Reorganization in Contemporary Argentina”, in Philip O’Brien, Paul Cammack, editors, Generals in...
   • Politicians have several times warned that there could be a "Weimarisation" of the postsocialist region, including Hungary. It should be remembered that it was mass unemployment and waves of inflation in Weimar Germany that led to mass disillusionment and rejection of the institutions of democracy...1995, János Kornai, “Transformational Recession: The Example of Hungary”, in Christopher T[homas] Saunders, editor, Eastern Europe in Crisis and the Way Out (European Economic Interaction and...