period of transition

Are we now in a period of transition from capitalism to socialism? H. Ticktin’s concept of decline and transition

Capitalism must be overthrown before a transitional period can be initiated. There must be a total rupture with value production. In order for this to happen the working class must capture political power and set about consciously transforming social production relations. Ticktin’s conceptions seem like those other aficionados of a seamless transition to communism, who have long lost hope in the working class being the agent of revolution.