guild socialism

noun

1. 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.

guild socialism

noun

1. 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

Other Word Forms

• guild socialist noun
• guild-socialistic adjective

Word History and Origins

Origin of guild socialism¹

First recorded in 1910–15