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guild socialism


from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun An English socialist doctrine of the early 1900s according to which industry would be owned by the state but managed by guilds of workers.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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


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