This is the best article I've found which offers the best explanation of Holloway's basic views regarding issues related to building an alternative to capitalism.
In 2002, John Holloway published a landmark book: Change the world without taking power. Inspired by the ‘¡Ya basta!’ [Enough is enough!] of the Zapatistas, by the movement that emerged in Argentina in 2001/2002 and by the anti-globalisation movement, Holloway sets out a hypothesis: it is not the idea of revolution or transformation of the world that has been refuted as a result of the disaster of authoritarian communism, but rather the idea of revolution as the taking of power, and of the party as the political tool par excellence.He counter-poses his ideas with the failed history of worker's taking control of the state.
He discerns another concept of social change is at work in these movements, and generally in every practice—however visible or invisible it may be—where a logic different from that of profit is followed: the logic of cracking capitalism. That is, to create, within the very society that is being rejected, spaces, moments, or areas of activity in which a different world is prefigured.
If we’re not going to accept the annihilation of humanity, which, to me, seems to be on capitalism’s agenda as a real possibility, then the only alternative is to think that our movements are the birth of another world. We have to keep building cracks and finding ways of recognising them, strengthening them, expanding them, connecting them; seeking the confluence or, preferably, the commoning of the cracks.I think that this is correct simply because the "state" is a creation of capitalism. The state is to capitalism what kingdoms were to feudalism. Creators of a new societies must build their governing/coordinating institutions on an edifice of bottom-up authority. Federated communities? Who knows? Holloway doesn't know, and I don't know. That, in addition to weakening capitalist rule, is another task awaiting all revolutionaries and creators of a new world.
If we think in terms of State and elections, we are straying away from that....