guild socialism definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a form of socialism proposed in England in the early 20th cent., emphasizing government ownership of all industries, each to be managed by a guild of workers
guild socialism definition by American Heritage Dictionary
An English socialist doctrine of the early 20th century according to which industry would be owned by the state but managed by guilds of workers.