"The ultimate aim of trade unions is the control over industry by the labours." Who said this?

The correct answer is - G. D. H. Cole

Key Points

• G. D. H. Cole
  • G. D. H. Cole was a prominent British political theorist and economist.
  • He is known for his contributions to the theory of guild socialism, advocating for workers' control of industries.
  • Cole believed that trade unions should play a crucial role in managing industries, aiming for democratic control by the labor force.

Additional Information

• Guild Socialism
  • A political movement advocating for industries to be controlled by workers through guilds.
  • It emerged in the early 20th century as an alternative to both capitalism and state socialism.
  • G. D. H. Cole was one of the leading proponents of this movement.
• Role of Trade Unions
  • Trade unions aim to protect and advance the interests of workers.
  • They negotiate wages, working conditions, and benefits with employers.
  • In Cole's view, trade unions should also strive for a greater role in industrial management.
• Industrial Democracy
  • The concept of workers having a say in the management and decision-making processes of industries.
  • It aims to create a more equitable and participatory workplace environment.
  • G. D. H. Cole's ideas significantly influenced the development of this concept.