Richard Wolff has published the article The Different Ways That the U.S. and Chinese Governments Use Their Power to Regulate Capitalism.
However, the socialist left does so with the knowledge of what happened to those experiments in socialism that turned out to be and still are forms of state capitalism. Hopefully, 21st-century socialism will not need to repeat those experiments. It can attend to what they lacked, namely the transition at the micro level of workplace organization. That means transitioning enterprises (factories, offices, and stores) from the employer-versus-employee organization to the democratic community (or worker cooperative) organization. The state that achieves that transition will thereby accomplish the end of the capitalist social order. With it might then come that decline of a social necessity for the state that Vladimir Lenin theorized as its “withering away.”
This is a good explanation of a point of view. Since I am a “what worksist”, I always want to know if something will work before I endorse it. So far, I see what Wolff proposes as an interesting idea, but I don’t know if it will work. The safest way that I can think of testing it is for the scheme to be enabled (remove roadblocks to its trial), and continue to monitor the results to see if it works or can be made to work.
Right away, I see a problem with applying democracy. It seems to be human nature, observable right now, that a small number of zealots can use democracy to get their way over the objections of a larger number of people who can see nuances of good and evil in any system. Maybe a solution to the zealot problem can be discovered by philosophers in the 21st century.