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English writer, political activist, and theorist of "guild socialism".
G.D.H. Cole Studied at Balliol College, Oxford, where he was recruited by the Webbs and became an active member of the Fabian Society. However, Cole became gradually disenchanted with their program. Feeling that their "state socialist" tactics ignored legitimate working class concerns, Cole split from the Fabians and forged the notion of "Guild Socialism" as a compromise between parliamentary activism (the Fabian route) and workers' desire to take control of industry (as advanced by syndicalists and radical unions).
Guild Socialism envisaged an economy reorganized on the basis of state-chartered but nonetheless self-governing producer organizations of workers -- "guilds". In a sense, Cole was advocating a program of nationalization, but rather than having the industries guided by State bureaucracies, the organization of industry was to be handled by "National Guilds".
Guild socialism was at its height in the aftermath of the First World War, when it was regarded as the only avenue to the socialization of means of production which avoided the pitfalls of a Soviet-style totalitarian state and the anarchism of French syndicalism. R.H. Tawney was particularly impressed by it.
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