In business, it is customary to praise individualistic competition and denigrate collective bargaining in all forms.

In business, it is customary to praise individualistic competition and denigrate collective bargaining in all forms. However, in the Hanseatic League, we clearly see an example of merchants working together for mutual success over a period of three hundred years! What lessons are we to learn from this? Are there prospects for more merchant leagues in an increasingly globalized economy?