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Notes -
Modern standards are very, very recent... For example, remember letters of marque? But even now, there are regulatory agencies, financed by the fines and settlements they extract. Before SCOTUS cut down the Chevron doctrine, they pretty much have been kings in their own little kingdoms. And as we are witnessing now, while in theory they are under democratic control, in practice everything is set up to make it next to impossible to cut down or remove their privileges. So yes, they are not openly called "Thieves' Guild" but something like "Commission on Enhancement and Regularization of Code Compliance" or something like that. But if they get talking to you, you'd wish you were mugged ten times over instead. And yet, most of the people do not consider them corrupt - in fact, most of the people are blissfully ignorant of their existence. Of course, "robbery licenses" are a comic exaggeration, but once you start thinking about it, it's not that far from what we have... Oh, and I didn't even mention California's "theft under $900 is legal" bright idea.
And also, why Thieves' Guild deal is corrupt for Vetinari? As far as I remember, he personally gets nothing out of the deal, except the crime being regularized and institutionalized.
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