Lemon socialism
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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's profits while leaving the company to pay its own losses, while in lemon socialism the company is allowed to keep its profits but its losses are shifted to the taxpayer.
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See also
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Pages linking in
- Big government
- Military Keynesianism
- Bailout
- Lemon (automobile)
- Socialism for the rich and capitalism for the poor
- Troubled Asset Relief Program
- Automotive industry crisis of 2008–2010
- Zombie company
- Holdings of American International Group
- Value-form
- Ersatz capitalism
- Ecological economics
- Economics of fascism
- Greenspan put
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