Over many decades capitalism has pretended to reform itself, one of the most recent being the Sarbanes-Oxley Act of 2002, which was touted by Bush II when he signed it into law on July 30, 2002 as: "the most far-reaching reforms of American business practices since the time of Franklin D. Roosevelt." Sarbanes-Oxley has not been applied and Bush II's Treasury Secretary Henry Paulson sought to lessen, not increase, oversight of the financial system, claiming that tighter U.S. regulations disadvantaged Wall Street in relation to the London stockmarket. "Voluntary Regulation" is always the dodge capitalists offer when their financial crises become too evident to hide.
Fascist capitalists will not fold up their tents and fade silently and peacefully away into historic oblivion; they are inherently barbarous and savage and will take as much of the world with them as they can in their inevitable demise. That's why revolutionary means--albeit peaceful--will be necessary to bring about a commonwealth system for human fulfillment--a total reconstitution of social structures will be necessary. "Tinkering" won't work with a failed system such as capitalism.
Capitalists and their fellow-travelers will attempt to befuddle unthinking people by using their old argument that workers movements for social change have been tried and proven unworkable--as in the failed communist experiment in the Soviet Union and in British and European socialist fiascoes. The Soviet Union, after the first brief months of worker control under the leadership of persons like Trotsky, became an absolute dictatorship under Stalin. British and European "socialism" was merely a bit of state control cobbled onto a capitalist economic system. A commonwealth system for the benefit of all citizens, as outlined by Plato, has never been tried, so it's a false argument to say that such a progressive mandate is unworkable or specious.
Fake progressives in the "tinkering with capitalism" camp pretend that capitalism can be "reformed" into a workable system. In truth, capitalism is, in its essence, a "system" that "works" only for the rich, while impoverishing and murdering the working class.
One of the "leaders" of this "tinkering with capitalism" camp is Gar Alperovitz.
"The idea that we need a 'new economy'--that the entire economic system must be radically restructured if critical social and environmental goals are to be met--runs directly counter to the American creed that capitalism as we know it is the best, and only possible, option."
We will not create a commonwealth system "for the people" by "radically restructuring" capitalism. Capitalism must be abandoned and totally replaced by a commonwealth system, as set out in a new embodiment of the Form, commonwealth, as earlier adumbrated by Plato.
The agenda for most counterfeit and pretend progressives limits itself to blathering about reform of capitalism or tinkering with fascism. Workers must utterly reject counterfeit progressivism and recognize that the struggle for reforms of a totally failed--and lethal--capitalist system has become a hopeless utopia.