lemon socialism

Questions

What does lemon socialism mean?

The practice in otherwise free market capitalist economies in which the government steps in to bail out or otherwise subsidize weak or failing firms. A government attempting to transition from capitalism to socialism by this method takes control of the worst industries — the "lemons" — first, which undermines such an approach.

Where does lemon socialism come from?

Coined by Mark Green in 1974.

How to pronounce lemon socialism

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