guild socialism

noun

: an early 20th century English socialistic theory advocating state ownership of industry with control and management by guilds of workers

Word History

First Known Use

1912, in the meaning defined above

Time Traveler
The first known use of guild socialism was in 1912

Dictionary Entries Near guild socialism

Cite this Entry

“Guild socialism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/guild%20socialism. Accessed 29 Mar. 2024.

More from Merriam-Webster on guild socialism

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!