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This time? There was no real opportunity for meaningful change. The Democratic party is far right economically, and they depend on the donations of plutocrats and megacorps. Regardless of either Democrats or Republicans getting elected, the donor class wins and working Americans lose. Some will say Harris attempt to appeal to the right wing is what made her lose, and perhaps there is an element of truth to that. Its unlikely that the Republican base she attempted to woo would actually vote for a Black woman running as a Democrat over the old, rich White guy running as a Republican. However, the owners of the Democratic party - the ones who immediately had millions of dollars to donate the day Biden dropped out - they didn't lose. The only way the owners could lose is by appealing to progressives and winning an election.
The time to begin doing something differently was decades ago, building power and organizing from the bottom up. Socialists need to begin running in and winning local elections, and pushing hard against First Past The Post elections.