In industry
each factory is to be free to control its own
methods of production by means of elected managers.
The different factories in a given industry are to be
federated into a National Guild which will deal with
marketing and the general interests of the industry
as a whole. ``The State would own the means of
production as trustee for the community; the Guilds
would manage them, also as trustees for the community,
and would pay to the State a single tax or
rent. Any Guild that chose to set its own interests
above those of the community would be violating
its trust, and would have to bow to the judgment of
a tribunal equally representing the whole body of
producers and the whole body of consumers. This
Joint Committee would be the ultimate sovereign
body, the ultimate appeal court of industry. It
would fix not only Guild taxation, but also standard
prices, and both taxation and prices would be periodically
readjusted by it.'' Each Guild will be
entirely free to apportion what it receives among its
members as it chooses, its members being all those who
work in the industry which it covers. ``The distribution
of this collective Guild income among the
members seems to be a matter for each Guild to decide
for itself.
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