 The following year, the journal "The New Age" became an advocate of guild socialism, although in the context of modern industry rather than the medieval setting favoured by Penty.The guild socialists "stood for state ownership of industry, combined with "workers' control" through delegation of authority to national guilds organized internally on democratic lines.About the state itself they differed, some believing it would remain more or less in its existing form and others that it would be transformed into a federal body representing the workers' guilds, consumers' organizations, local government bodies, and other social structures".