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guild socialism

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guild socialism

–noun
a form of socialism developed in England in the 20th century, emphasizing decentralization of industry and services with control to be vested in autonomous guilds of workers.

Origin:
1910–15


guild socialist, noun
guild-so⋅cial⋅is⋅tic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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guild socialism  
n.  An English socialist doctrine of the early 20th century according to which industry would be owned by the state but managed by guilds of workers.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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