 Ultimately, industrial guilds would serve as the organs through which industry would be organised in a future socialist society.The theory of guild socialism was developed and popularised by G. D. H. Cole who formed the National Guilds League in 1915 and published several books on guild socialism, including "Self-Government in Industry" (1917) and "Guild Socialism Restated" (1920).For scholar Charles Masquerade, "[i]t is by meeting such a twofold requirement that the libertarian socialism of G.D.H.