Definitions for lemon socialism
lemon so·cial·ism

WiktionaryRate this definition:0.0 / 0 votes

1. lemon socialismnoun

   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.

2. Etymology: Coined by Mark Green in 1974.

WikipediaRate this definition:0.0 / 0 votes

1. Lemon socialism

   Lemon socialism is a pejorative term for a form of government intervention in which government subsidies go to weak or failing firms (lemons; see Lemon law), with the effective result that the government (and thus the taxpayer) absorbs part or all of the recipient's losses. The term derives from the conception that in socialism the government may nationalize a company in its entirety, while in lemon socialism the company is allowed to keep its profits but its losses are shifted to the taxpayer. Such payments may be made with the intent of preventing further, systemic damage to what might otherwise be considered a free marketplace. For example, the bailout that followed the 2008 financial crisis may be described as lemon socialism. The pejorative arises from the belief among free market economists that in a functional free market, failing companies would be replaced by better functioning companies in response to market demand. The term may also be used to describe government efforts to nationalize companies or industries, in which the government takes over failing companies without taking over healthy companies. Advocates of free markets may then point to the faltering, nationalized enterprises as examples of how government regulation hurts business.

WikidataRate this definition:0.0 / 0 votes

1. Lemon socialism

   Lemon socialism is a term for the practice in supposedly 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. It is also a pejorative term for government support of private-sector companies whose imminent collapse is perceived to threaten broader economic stability. It is not an actual subcategory of socialism per se; rather, it points to a corruption of free market capitalist systems, which would normally allow defective "Lemon" companies to fail. Government interventions earn the term when they involve infusions of government capital, as in bailouts, and include a degree of government control over company decision-making, as in nationalization. The Emergency Economic Stabilization Act of 2008 in the United States has been cited as an example of lemon socialism.

How to pronounce lemon socialism?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say lemon socialism in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of lemon socialism in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of lemon socialism in Pythagorean Numerology is: 6

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Lemon_Socialism
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Lemon_Socialism
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=lemon socialism