- guild socialism
- nouna form of socialist theory advocating state ownership of industry but managements by guilds of workers• Hypernyms: ↑socialism
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noun: a socialistic theory advocating state ownership of all industries with monopolistic control and management in each by a guild composed of all its handworkers and brainworkers and restricted only by regulations safeguarding the consumers' interests; especially : such a theory developed in England early in the 20th century* * *
—guild socialist. —guild-socialistic, adj.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.[1910-15]* * *
Guild Socialism nounA form of socialism that would make trade unions or guilds the authority for industrial matters• • •Main Entry: ↑guild* * *
guild socialism,an English form of socialism that is in favor of industries being owned by the nation but managed by guilds of workers.
Useful english dictionary. 2012.