lemon socialism

English - English

Definition of lemon socialism in English English dictionary

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

Hyphenation

lem·on so·cial·i·sm

Turkish pronunciation

lemın sōşılîzım

Pronunciation

/ˈlemən ˈsōsʜəˌləzəm/ /ˈlɛmən ˈsoʊʃəˌlɪzəm/

Etymology

() Coined by Mark Green in 1974 .