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Related to guild socialism: syndicalism
An English socialist doctrine of the early 1900s according to which industry would be owned by the state but managed by guilds of workers.
(Historical Terms) 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
guild socialist n
a form of socialism developed in England in the early 20th century in which guilds of workers were to manage government-owned industry.
guild′ so′cialist, n.