guild socialism

Noun

Meaning

a form of socialist theory advocating state ownership of industry but managements by guilds of workers

Hypernyms

Examples

The theory of guild socialism was developed and popularised by G. D. H. Cole who formed the National Guilds League in 1915 and published several books on guild socialism, including Self-Government in Industry (1917) and Guild Socialism Restated (1920). Source: Internet

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