The present book is an outcome of a seminar which focused on finding out the possibilities of rethinking socialism in terms of workers socialism vs. state socialism (or more broadly, workers and peasants socialism vs. state managed socialism) which has been so well analysed by many scholars such as David Lane and Evan Luard. Scholars like Peter Bins, Tony Cliff, and Chris Harman have gone further and shown how the revolution was lost by the workers to state capitalism. However, there have been many instances and cases which have occurred simultaneously all over the world in non-socialist countries wherein workers have shown extraordinary zeal and commitment in forming workers cooperatives free of state support and intervention. Scholars like Robert Oakeshott and Sharit Bhowmik have written and documented this phenomenon extensively. The collapse of the state socialist regimes in Eastern Europe and the disintegration of the socialist federation of the USSR stand as a testimony to, and logically confirm the above accounts. The wave of failures of socialist patterns in states like India and welfare states in Western Europe and the USA have illustrated that even their public sector enterprises with loose state control have not succeeded. Hence, the retreat of the state and the moves towards privatization and re-privatization, have been embedded in the liberal paradigm. It is interesting to note that a different kind of phenomenon of production of goods and services by different groups, with reduced control of the state and with the initiative of the workers and peasants and other groups, has been in existence parallel to the above two phenomena. This phenomenon can broadly be called workers cooperatives, meaning worker-owned and worker-controlled cooperatives. Naturally, one looks to such phenomena and examines the possibilities of developing it as an alternative to capitalism on the one hand, and state socialism of varied types on the other. The main intention here is to see whether these phenomena of workers cooperatives can be developed into socialist formations with a redefined socialism by reinterpreting and unravelling the broad Marxist, socialist assumptions like self-activity and the self-organisation of workers. It is clear from the different authors of this book that the theoretical framework and empirical experiments suggest an alternative to state-controlled cooperatives and state socialism. This volume extensively covers the conceptual and empirical aspects of workers cooperatives across the globe with explorations of the possibilities of linking workers cooperatives with socialist politics. The book is a fitting contribution to the debates currently going on in search of alternatives to capitalist liberalization and globalization on the one hand, and the failure of different kinds of existing socialisms in the former Soviet Union and different parts of Eastern Europe on the other hand. The book is interdisciplinary in nature and will be useful to scholars, academics, practitioners, and students of political science, governance, development studies, economics, and other trade union and civil society activists.