During global capitalism’s sustained crisis, there is a revival of discussions about alternative economies and, especially, cooperatives. There are broadly two types of such initiatives. One limits cooperatives within the framework of capitalism, a safety valve creating an illusion among the working classes of the possibility of prosperity. The alternative discourse targets transcendence of capital and capitalism. Such movements emerge as a political, economic, social and cultural movement rather than a purely economic movement.
In the present era of imperialism stands the pernicious view that ‘there is no alternative to capitalism’. Alternatives create hope, but their absence creates pessimism. In the current era, creating alternative collective institutions gains added relevance. Our book critically analyses the transformative potential of some cooperative movements in India.
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