lemon socialism

listen to the pronunciation of lemon socialism
English - English
The practice in otherwise free market capitalist economies in which the government steps in to bailout 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
lemon socialism

    Hyphenation

    lem·on so·cial·i·sm

    Turkish pronunciation

    lemın sōşılîzım

    Pronunciation

    /ˈlemən ˈsōsʜəˌləzəm/ /ˈlɛmən ˈsoʊʃəˌlɪzəm/

    Etymology

    () Coined by Mark Green in 1974 .
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