Syndicalism

Syndicalism is a type of proposed economic system, a form of socialism, considered a replacement for capitalism. It suggests that industries be organized into confederations or syndicates. It is "a system of economic organization in which industries are owned and managed by the workers".

Its theory and practice is the advocation of multiple cooperative productive units composed of specialists and representatives of workers in each respective field to negotiate and manage the economy. Syndicalism also refers to the political movement (praxis) and tactics used to bring about this type of system.

For adherents, labour unions and labour training (see below) are the potential means of both overcoming economic aristocracy and running society fairly and in the interest of informed and skilled majorities, through union democracy. Industry in a syndicalist system would be run through co-operative confederations and mutual aid. Local syndicates would communicate with other syndicates through the Bourse du Travail (labour exchange) which would cooperatively determine distributions of commodities.