lemon socialism

/L EH1 M AH0 N S OW0 SH AH0 L IH0 Z AH0 M/
noun
  1. 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.

Translate “lemon socialism” into another language

Choose a language below to open the translator with English selected as the source language.

🇪🇸Spanish🇫🇷French🇩🇪German🇸🇦Arabic🇨🇳Chinese Simplified🇯🇵Japanese🇮🇳Hindi🇧🇷Portuguese🇷🇺Russian🇰🇷Korean🇮🇹Italian🇹🇷Turkish
See all 248+ languages
Back to Dictionary