lemon socialism

lemon socialism
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.

Wikipedia foundation.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Lemon socialism — is a term for the practice in supposedly free market capitalist economies in which the government steps in to bailout or otherwise subsidize weak or failing firms. [cite web url=http://www.washingtonpost.com/wp… …   Wikipedia

  • lemon socialism — /lɛmən ˈsoʊʃəlɪzəm/ (say lemuhn sohshuhlizuhm) noun (pejorative) the provision of government financial assistance to a private company of a size or type which makes it significant to the country s economy, in order to prevent the collapse of the… …  

  • Socialism for the rich and capitalism for the poor — is a classical political economic argument, formulated around 1970, [John Wykert1, Gerald M. Pomper2, 3 and David M. Gordon [http://www.springerlink.com/content/42306v75113724lh/ Society Volume 9, Number 3 / January, 1972] ] stating that in the… …   Wikipedia

  • Lemon (automobile) — A lemon is a car, often new, that is found to be defective only after it has been bought. Any vehicle with numerous, severe issues can be termed a lemon , and, by extension, any product with flaws too great or severe to serve its purpose can be… …   Wikipedia

  • Zitronensozialismus — oder Lemon socialism ist ein insbesondere in den USA verwendeter Negativausdruck für staatliche Unterstützung und Rettungsaktionen gegenüber privatwirtschaftlichen Firmen, die unmittelbar vor dem Bankrott stehen.[1][2][3] Es handelt sich nicht um …   Deutsch Wikipedia

  • Gresham's law — is an economic principle that states: When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will… …   Wikipedia

  • Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… …   Wikipedia

  • CC–PP game — The Commonize Costs–Privatize Profits Game (or CC–PP Game) is a concept developed by the ecologist Garrett Hardin to describe a game (in the game theory sense) widely played in matters of resource allocation.[1] The concept is a formalism of the… …   Wikipedia

  • American International Group — AIG redirects here. For other uses, see AIG (disambiguation). American International Group, Inc. Type Public Traded as NYSE:  …   Wikipedia

  • Bailout — For other uses of the term, see Bailout (disambiguation). In economics, a bailout is an act of loaning or giving capital to an entity (a company, a country, or an individual) that is in danger of failing, in an attempt to save it from bankruptcy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”