The transition from capitalist globalization to socialist globalization

Historically, there have been many ways to effect transitions from one form of society to another. I begin this discussion with the assumption that the only way of making a successful transition from capitalist globalization to socialist globalization will be through a democratic process in which capitalist forms of democracy are themselves transformed into socialist forms of democracy.1 Fundamentally, this will mean changing the parliamentary systems that have proved so successful in raising standards of living and improving human rights for billions of people over the last century or so all round the world but, at the same time, have proved so dysfunctional in creating more accountable and less easily corruptible forms of democracy. This suits what I have conceptualized as the transnational capitalist class (TCC) that controls capitalist globalization all over the world very well. The vast majority of electorates appears to want more accountability and an end to corruption, but the present systems are dominated by those who have little genuine interest in accountability and ending corruption, whether of the cruder or more subtle varieties. However, there are enough honest politicians and political activists in the world to make these changes possible—even if this is quite unlikely at present.