First published in 1920, Guild Socialism Restated is G. D. H. Cole's fullest and most systematic acĀcount of his vision of industrial and political reorganization. An Oxford University political theorist and an influential figure on the British Left between the two world wars, Cole was the best-known advocate of Guild SocialĀismāa form of socialist thought that sought to transfer control of industry to professional "guilds" or self-governing associations of producers.
The introductory chapters of Guild Socialism Restated develop the theme of democratic citizenĀship in relation to industrial soĀciety. Cole contends that neither Japitalism nor state socialism can dequately meet the fundamental requirements of democracy beĀcause neither provides institutions irough which active citizenship an be achieved. He insists that the atter can be realized only in the ealm of industrial relations. In so oing, Cole anticipates such con-emporary themes as workers' elf-management and participatory democracy, and he envisions also the corporatist mode of orĀganization that some would see as a defining quality of postindustrial societies.
The central chapters of the book develop a view of socialist organiĀzation in which citizenship is a vital ingredient in every arenaā from that of the workplace to naĀtional policymaking. Guild SoĀcialism Restated is also notable for its effort to come to terms with nonindustrial interests, and to provide representations for indiĀviduals as consumers and citiĀzensānot only as producers.
Cole's book concludes with an assessment of the transition to soĀcialism. He proposes that there is a "third way" in addition to politiĀcal reform and civil warāone that will be both revolutionary and gradual. Cole writes that "he who wishes revolution to succeed should hasten towards it slowly."
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