lemon socialism

English

Etymology

Coined by Mark Green in 1974.[1]

Noun

lemon socialism (uncountable)

  1. 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.

References
  1. (Please provide the book title or journal name)‎, (Can we date this quote?)
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