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'''Guilds''' were economic institutions that existed during the end of [[feudalism]] and beginning of [[capitalism]]. Following the [[Bourgeois revolution|bourgeois revolutions]], large-scale industry replaced them and replaced their restrictions on production with [[competition]]. Some [[reactionary]] [[Anti-capitalism|anti-capitalists]] seek to reverse history and restore the guild system.<ref>{{Citation|author=[[Friedrich Engels]]|year=1847|title=The Principles of Communism|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm}}</ref> | '''Guilds''' were urban economic institutions that existed during the end of [[feudalism]] and beginning of [[capitalism]]. They restricted and [[Monopoly|monopolized]] industrial production.<ref>{{Citation|author=[[Karl Marx]], [[Friedrich Engels]]|year=1848|title=Communist Manifesto|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm|chapter=Bourgeois and Proletarians|chapter-url=https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.htm}}</ref> Following the [[Bourgeois revolution|bourgeois revolutions]], large-scale industry replaced them and replaced their restrictions on production with [[competition]]. Some [[reactionary]] [[Anti-capitalism|anti-capitalists]] seek to reverse history and restore the guild system.<ref>{{Citation|author=[[Friedrich Engels]]|year=1847|title=The Principles of Communism|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm}}</ref> | ||
== References == | == References == | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 19:13, 2 April 2023
Guilds were urban economic institutions that existed during the end of feudalism and beginning of capitalism. They restricted and monopolized industrial production.[1] Following the bourgeois revolutions, large-scale industry replaced them and replaced their restrictions on production with competition. Some reactionary anti-capitalists seek to reverse history and restore the guild system.[2]
References
- ↑ Karl Marx, Friedrich Engels (1848). Communist Manifesto: 'Bourgeois and Proletarians'. [MIA]
- ↑ Friedrich Engels (1847). The Principles of Communism. [MIA]