Corporate feudalism has ruined capitalism.<p>In a surreal turn of events the east coast of communist China has the strongest &quot;pure&quot; form of capitalism currently in existence. This has a lot to do with their scant regard of imaginary property, what westerners insist on calling &quot;intellectual property&quot;. Capitalism only work when information flows freely. When people can make decisions based on facts. This cannot happen when information is hoarded as a so called competitive advantage, not in the long run anyway, not any more. Ad to this the degree of rent-taking on all levels and its clear that capitalism as we know it a spent vein.