1. Notes

Economics and a Post Guild World

Guilds, Power, and Progress in Seregon: A Post-Guild Society

In Seregon, guilds were once the cornerstone of economic, political, and social power. Over a century ago, guilds controlled labor, trade, and production with ironclad regulations. They shaped entire industries through strict control of instructional capital—the progression from apprentice to journeyman, then to master, and ultimately grandmaster. This rigid structure created a powerful workforce, but it also stifled innovation and creativity, limiting competition and progress in favor of rent-seeking behavior. In the eyes of modern Seregon, this was a deadweight loss on the economy, slowing development in the name of maintaining guild power.

Now, in this post-guild era, Seregon has turned a new page. The economic interests of the city, guided by its regent system, have embraced technological progress, skills development, and a culture of continuous improvement. Innovation is valued above all else, and the city's leaders measure and analyze everything in their quest for efficiency and advancement. Gone are the days of guild control over the economy—replaced by a more open market where knowledge, creativity, and productivity are the new currencies of power.


The Role of the Regent System

The regent system has evolved to manage Seregon's modern economy, co-opting or marginalizing the guilds that once held sway. Today, political power is no longer tied to guild membership, except in rare cases. For most aspiring leaders, skill, innovation, and technological progress are the path to political influence, not guild allegiance.

However, the regents know that completely eliminating guilds would lead to power struggles in areas where the city's influence is weak. In some cases, powerful guilds were brought into the fold, with their leaders taking seats as regents, effectively neutralizing their influence as economic monopolies. One prime example is Mandrill, head of the Seven Sins Thieves Guild, who was granted a regency to co-opt the guild's power. By pulling these groups into the political fold, Seregon ensured their loyalty, cutting off the need for guild control.


Remaining Guilds: Areas of Lost Government Power

Despite the decline of traditional guilds, a few still hold sway in areas where government power is limited or non-existent. These guilds operate as power brokers, filling the void where the regent system lacks control. The Seven Sins Thieves Guild, for example, operates in the shadows, using its guild structure to control the city's criminal underworld. Similarly, the Bargemasters Guild dominates river trade and transport, keeping control of a key resource outside the reach of the city’s politicians.

In these cases, guild membership becomes a prerequisite for wielding power in that sector. The remaining guilds operate more like cartels, restricting access to labor or goods in ways that benefit their members but stifle the broader economy. For example, the Bargemaster Guild tightly controls who can operate barges on the rivers, ensuring a monopoly on river transport and maintaining their influence over trade routes. These guilds provide both a challenge and an opportunity for enterprising adventurers or factions looking to disrupt or gain power.


The Walraven Consortium: A Benevolent Cartel

Though guilds have largely been replaced by cartels in Seregon’s economic landscape, none stand out more than The Walraven Consortium. The Consortium isn’t a guild in the traditional sense, but rather a cartel—a powerful economic force that has consolidated industries where few competitors exist or where innovation is critical. In contrast to the old guilds, the Consortium’s influence is seen as mostly benign, as it occupies industries that few others can master. From airship development to mining to the emerging field of factory-produced goods, the Walraven Consortium represents the cutting edge of Seregon's economy.

Seregon’s Innovation and Technology: 30 Years Ahead

With technology at an 1800s level, Seregon is on the cusp of a technological revolution. The city is rapidly advancing towards factory-produced consumer goods—an industrial shift that could alter the economy, culture, and politics over the next few decades. Seregon is likely 30 years away from seeing full-fledged industrialization, complete with factories, mass production, and consumer markets that will shape the future of its people.