lemon socialism
nounEtymology
Coined by Mark Green in 1974.
Definitions
The practice in otherwise free market capitalist economies in which the government steps…
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.
The neighborhood
Vish — recursive loop
No curated loop yet for lemon socialism. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA