Here is one democratic socialist take consistent with some of my recent blog posts:
“The really inconvenient truth is that there is no possible way to accomplish any, much less all, of these things [see article] other than by breaking with the underlying logic of the accumulation of capital.... What is required both for long-term human survival, and for the creation of a new condition of 'plenitude,' is a smaller ecological footprint for the global economy, coupled with a system of comprehensive social, technological, and economic planning—one that is of, by, and for the people [i.e., democratic]. It means abandonment of the myth of absolute economic growth as the panacea for all of society’s ills, and the downshift to a sustainable, steady-state economy rooted in the development of human community rather than individual accumulation."
Also recall this post on The Simpler Way. In this article on capitalism Trainer said:
“There is now a strong, indeed dominant tendency on the 'Left' to assume that globalisation is inevitable, that the market system is to be accepted and that the goal must be to work for a humane, re-regulated capitalism, or 'social-democracy' [not to be confused with democratic socialism]. The 'Third Way is about the acceptance of globalisation and capitalism but with the assumption that they can be made humane' (…'civilised' in Mark Latham’s terms.) Many within the anti-globalisation movement are only out to re-regulate capitalism, for example calling for fair trade. Fotopolous calls these people 'Left reformers' and distinguishes them from the currently small minority on the Left who believe that it is a fundamental mistake to assume that capitalism can be civilised and who insist that the goal must be to replace the system. Fotopoulos, and I are in the latter camp.... It is disappointing that so many of the people opposing globalisation and economic rationalism do not realise that trying to reform capitalism is utterly mistaken. What we have to be about is a transition to not just a non-capitalist economic system but to a very different culture in which the driving forces are not individualism, competition, growth and acquisitiveness. If we do not make this extremely big and difficult value change within a few decades we will probably find our selves in a very nasty new dark age.”