GUILD SOCIALISM
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Definitions
There is 1 meaning of the phrase
Guild Socialism.
Guild Socialism - as a noun
A form of socialist theory advocating state ownership of industry but managements by guilds of workers
Example Sentences
"The proponents of guild socialism argue that it is a more democratic alternative to traditional capitalism."
"In guild socialism, workers are expected to actively participate in the decision-making processes of their respective guilds."
"Under guild socialism, industries would be organized into various guilds based on their specific sectors."
"One of the key principles of guild socialism is the fair distribution of wealth among workers."
"Some argue that guild socialism could lead to a more equitable society by empowering workers."
