Hello anons, i wish to give you a incomplete and short introduction to a old system of European Culture, It was really a perfected model of Private Initiative working for the good of the society who was perfected and molded trough the courses of Millennia, and was destroyed due to the Usury and Greed of Bankers and Industrial Monopolists trough buying Politicians within the new Democratic Model that was engulfing Europe after the stupid "French" Revolution.
Guilds were providers of Social Credit, which means that the Worker didn't have to be indebted to a Bank if he wanted to open a business. Guilds also were Regional Oriented, favoring local business.
>Bank; Provider of Social Credit at the cost of Labour.
>Syndicate; It fought for their representing Trade, regulated Salaries and Rights.
>Economic Cooperative; It bought Raw Materials cheaply at huge quantities and favorably from locals, then, they resold it to local Artisans at an affordable price - their gains were used, along with their monthly "Subscription fee", for Guild and Personal Maintenance, and also for the next point.
>Schools/Universities; They provided "free" education in their trade to anyone who wanted - they also thought how to read/write and mathematics. Many Guilds became later focused solely on this matter, and "evolved" into the Universities we have today. After graduating, the person would have to work for Free for the Guild for a couple of years, and after that, they were free to do whatever they wanted (if the person paid for their education, this work period would be optional and remunerated).
>Research & Development facilities; Technical Guilds had their own team of Crafters specialized in experimentation and they were also the teachers, they passed their knowledge not only to their students but to their successors also, resulting in more than a 1000 years of constant development of technics in those institutions - That's why "Swiss Watches" are the best, or there are some places in Europe where some kind of trade excels: Generations and Generations of constant improvement. The person graduated from this place would have within himself the knowledge of a 100 generations of Crafters who passed their technics down and perfected them.
>Job Hunting Center; While you're a Smith in Bavaria, you decided to move to Hamburg and needed a job - Go to the guild and you'll receive a list of places where you can open your business, help woth funds and all the names of every Smith in the city, the price of things, etc. If you're a Merchant going from Milan to London, the first place where you're going to stop were are the Guild, where you would be introduced to Business Partners, a Map of the city with the corresponding economic districts and their specializations, the prices of things and maybe even a Guide, depending of your stance.
>Currency Exchange; Self explanatory.
And the best: although it's impossible to say that there was no corruption, in fact, there was very little, because this Human Centers were subjected to the Market law, and if they were mismanaged, they would went bankrupt.
It was really a perfected model of Private Initiative working for the good of the society who was perfected and molded trough the courses of Millennia, and was destroyed due to the Usury and Greed of Bankers and Industrial Monopolists trough buying Politicians within the new Democratic Model that was engulfing Europe after the stupid "French" Revolution.
You're free to search a more in-depth explanation now/later if you wish, do you have any opinions?