As it stands,socialism is what the elites have(taking care of all who have the connections) and capitalism is what the working people have(get it or starve).
No offense dear, but it all sounds like fearmongering smoke and mirrors when you talk like that. I think you are talking about a fascist totalitarianistic world state feeding the people a candied dose of propaganda by serving them a piece of lies in socialistic paper-wrapping.
well, it wouldn't "work" per se. people would have no idea what to do, society would probably turn into a murderous cesspool of chaos. but I advocate it anyway.
as a compassionate person I'd prefer a sensible government. I just disagree with the existence an organized state on a philosophical level. no one is free under one, whether freedom be good or bad.
anyway, I'll also throw out there that I don't believe anarchy as such could ever last. it certainly runs counter to human nature.