Wiktionary

lemon socialism

English

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Etymology

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Coined by Mark Green in 1974.[1]

Noun

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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

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