Oct 12, 2019, 8:18 PM
Guilds limited access, all but eliminated competition and preserved quality, which prevented optimum market pricing in exchange for optimum benefit to workers – because transport costs for goods were higher than local premium prices. So it’s more of an question of eliminating labor arbitrage.
Now, other issues were important in the era because tools cost quite a bit, and it prevented the privatization of these tools.
And they were also like guarantees of weights and measures in that Guild members found guilty of cheating on the public would be fined or banned from the guild.
One of the policies I want to enforce is right-to-repair which will drive out the cheap goods, drive up prices and durability of goods, ending the disposable, and closing our competitive difference with japan and germany.