Governance through trade union organisations is known as

Question: Governance through trade union organisations is known as :
(1) Guild Socialism
(2) Fabian Socialism
(3) Syndicalism
(4) Liberalism

Answer: (3) Syndicalism
Syndicalism is a type of economic system proposed as a replacement for capitalism and an alternative to state socialism, which uses Confederations of collectivized trade unions or industrial unions. It is a form of socialist economic corporatism that advocates interest aggregation of multiple non-competitive
categorised units to negotiate and manage an economy. For adherents, labour unions are the potential means of both overcoming economic aristocracy and running society fairly in the interest of the majority, through union democracy. Industry in a syndicalist system would be run through cooperative confederations and mutual aid.

Trade union


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