No. High skilled trades end up overvaluing their products and having a monopoly they demand a un-proportionately large payment.
This is why becoming a doctor costs so much money in western countries and why they also make lots of money. They gate keep the knowledge behind a pay wall and massive amounts of artificial difficulty in order to keep scarcity high and wages higher.
The potential for corrupt guild officials is just as high for government officials.
No. High skilled trades end up overvaluing their products and having a monopoly they demand a un-proportionately large payment.
This is why becoming a doctor costs so much money in western countries and why they also make lots of money. They gate keep the knowledge behind a pay wall and massive amounts of artificial difficulty in order to keep scarcity high and wages higher.
The potential for corrupt guild officials is just as high for government officials.