A report on Guild and Cartel

The Syndics of the Drapers' Guild by Rembrandt, 1662.
Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910
One of the legacies of the guilds: the elevated Windsor Guildhall originated as a meeting place for guilds, as well as a magistrates' seat and town hall.
The printing equipment company American Type Founders (ATF) explicitly states in its 1923 manual that its goal is to "discourage unhealthy competition" in the printing industry.
Traditional hand forged guild sign of a glazier — in Germany. These signs can be found in many old European towns where guild members marked their places of business. Many survived through time or staged a comeback in industrial times. Today they are restored or even newly created, especially in old town areas.
Coats of arms of guilds in a town in the Czech Republic displaying symbols of various European medieval trades and crafts
The medieval Merchant Guild House in Vyborg, Russia
A center of urban government: the Guildhall, London (engraving, c. 1805)
Locksmith, 1451
The Haarlem Painter's Guild in 1675, by Jan de Bray.
An example of the last of the British Guilds meeting rooms c. 1820
Shoemakers, 1568

Guilds in the European Middle Ages, associations of craftsmen or merchants of the same trade, have been regarded as cartel-like.

- Cartel

Guilds are sometimes said to be the precursors of modern cartels.

- Guild
The Syndics of the Drapers' Guild by Rembrandt, 1662.

1 related topic with Alpha

Overall

Judge Coke in the 17th century thought that general restraints on trade were unreasonable.

Competition law

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Field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

Field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

Judge Coke in the 17th century thought that general restraints on trade were unreasonable.
Elizabeth I assured monopolies would not be abused in the early era of globalization.
Senatorial Round House by Thomas Nast, 1886
There is considerable controversy among WTO members, in green, whether competition law should form part of the agreements
John Stuart Mill believed the restraint of trade doctrine was justified to preserve liberty and competition.
Paul Samuelson, author of the 20th century's most successful economics text, combined mathematical models and Keynesian macroeconomic intervention. He advocated the general success of the market but backed the American government's antitrust policies.
Robert Bork
Scottish Enlightenment philosopher Adam Smith was an early enemy of cartels.
The economist's depiction of deadweight loss to efficiency that monopolies cause

The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions.

prohibiting agreements or practices that restrict free trading and competition between business. This includes in particular the repression of free trade caused by cartels.