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.
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Origin of guild socialism
First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012