The economic system in which a government taxes and regulates businesses heavily, rather than owning the means of production. This allows the government to control and profit from said corporations without the duty of running them.
“Bernie Sanders is not a socialist. He would never suggest that the government should own all businesses”
“No, but he certainly believes in Secondhand Socialism the way he talks of Amazon’s taxes”
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)