lemon socialism


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lemon socialism

n
the policy of a government in a nominally free-market country of bailing out large failing private companies with taxpayers’ money
References in periodicals archive ?
The word "socialism" is used with gross imprecision, but if it is to be employed, DeFazio would emerge as a consistent enemy of the only type of socialism practiced widely in the United States - lemon socialism, the public takeover of debts and other obligations of failing enterprises with no corresponding public claim on their profits.
As welfare for the rich, this bailout--coming at the very moment when Congress is tightening bankruptcy rules for ordinary citizens--far exceeds the legendary government rescue of Chrysler a generation ago, which at least could be seen as a kind of lemon socialism that saved jobs and produced cars.
government is headed down the road toward socialism, as President Obama's most excitable critics claim, it's socialism of a sour variety: lemon socialism.