Lemon socialism

Lemon Lemon socialism or socialism is especially used in the U.S. negative expression for government support and rescue operations against private companies that are directly related to bankruptcy.

It is in such a way not to allow bankrupt companies and their unsuitable goods (Monday pieces, golden lemons) to perish, but to get them artificially with tax agents and other not be a form of socialism per se, but to interference with the functioning of capitalism, competitive entrants so to compete. The 2008 enacted Emergency Economic Stabilization Act in the U.S. is a prime example of lemon socialism. Paul Krugman has expressed the view in a commentary for the International Herald Tribune: " what we have right now is not private property, that's lemon socialism: banks will be turned upside down, but taxpayers bear the risk. " The way out of the lemon socialism to a system in which banks are for gains and losses straight, could only lead through nationalization.

The author and politician Mark J. Green considers himself the creator of the expression. However, going sayings such as " socialism for the rich and capitalism for the poor" already on the 1960s back. Already in 1834 was spoken in the context of the agreements concluded by Andrew Jackson Second Bank of the United States it. One would otherwise privatized profits and losses communitarized.

In Icelandic is used by ' Sósíalismi andskotans ", ie devil socialism, or" Pilsfaldakapítalismi " spoken pilsfaldur means hem. The term alludes to children who want to hide after a misdeed under the skirt of the mother.