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 of guild socialism
First recorded in 1910–15
OTHER WORDS FROM guild socialism
guild socialist, noun guild-so·cial·is·tic, adjectiveWords nearby guild socialism
British Dictionary definitions for guild socialism
guild socialism
noun
a form of socialism advocated in Britain in the early 20th century. Industry was to be owned by the state but managed and controlled by worker-controlled guilds