The story
From Orban + -ization, after Viktor Orbán, the prime minister of Hungary in 1998-2002 and 2010-2026; possibly punning on urbanization.
Etymology from Wiktionary, CC BY-SA 4.0.
Orbanization
Today it means: The process by which a (typically Western) democracy becomes undemocratic as an authoritarian leader takes control of its institutions and degrades the rule of law in order to remain in power. Full definition →