Socialist is given accolade, put about in a new way (12)
I believe the answer is:
redistribute
'about in a new way' is the definition.
I can't judge whether this definition defines the answer.
'socialist is given accolade' is the wordplay.
'socialist' becomes 'red' (socialism is often associated with the colour red).
'given' means one lot of letters go next to another.
'accolade' becomes 'tribute' (I've seen this in another clue).
'red'+'is'+'tribute'='REDISTRIBUTE'
'put' is the link.
Can you help me to learn more?
(Other definitions for redistribute that I've seen before include "dish out again" , "Allocate differently" , "Share out differently" .)