Reguardless, of socialism, or capitalism, who owns the capital is the difference. Socialism, communism, and fascism all have the government owning the "capital".
Fascism lets people think they own their capital, but they are controlled by the government through taxation and regulation.
Communism / socialism is more up front. The state owns controlling power of the capital.
Free market capitalism does let people own their capital, but only to a point. It too easily can fall into the trap of fascism, as government gets too involved in it's workings.
So the comment globalism=capitalism is more accurate. But who owns the capital is the question. Since capital is the means of production.
So basically, they are all capitalist in nature, just the levels of involvement are different.
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A legislative act contrary to the Constitution is not law.
-John Marshall Chief Justice of the Supreme Court
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