ABSTRACT
In Great Britain, in the days immediately before the First World War, a somewhat new and fascinating phase of socialist thought began to take root. It went by the name of guild socialism. During the period between the early eighties when the members of the Fabian Society were first formulating their theory of socialism and the socialist state and the definite launching of the propaganda of guild socialism about the year 1912, the socialist movement had become a vital factor in the life of the community.
