The first pamphlet of the ``National Guilds League'' sets forth their main principles. 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. Whether the Guilds would, sooner or later, adopt the principle of equal payment for every member, is open to discussion.'' Guild Socialism accepts from Syndicalism the view that liberty is not to be secured by making the State the employer: ``The State and the Municipality as employers have turned out not to differ essentially from the private capitalist.'' Guild Socialists regard the State as consisting of the community in their capacity as consumers, while the Guilds will represent them in their capacity as producers; thus Parliament and the Guild Congress will be two co-equal powers representing consumers and producers respectively. Above both will be the joint Committee of Parliament and the Guild Congress for deciding matters involving the interests of consumers and producers alike. The view of the Guild Socialists is that State Socialism takes account of men only as consumers, while Syndicalism takes account of them only as producers. ``The problem,'' say the Guild Socialists, ``is to reconcile the two points of view. That is what advocates of National Guilds set out to do. The Syndicalist has claimed everything for the industrial organizations of producers, the Collectivist everything for the territorial or political organizations of consumers. Both are open to the same criticism; you cannot reconcile two points of view merely by denying one of them.''[36] But although Guild Socialism represents an attempt at readjustment between two equally legitimate points of view, its impulse and force are derived from what it has taken over from Syndicalism. Like Syndicalism; it desires not primarily to make work better