A corporation is a government construct, hence it is a socialist construct, not a capitalist one. It is a direct creation of and controlled by the government.<p>&#60;a href="<a href="http://www.fff.org/freedom/fd0411e.asp&#62" rel="nofollow">http://www.fff.org/freedom/fd0411e.asp&#62</a>;
"We should recognize that state corporatism is a form of socialism, and it is nearly inevitable in a mixed economy that the introduction of more socialism will cartelize industry and consolidate wealth in the hands of the few." 
&#60;/a&#62;<p>Therefore, describing it as capitalist is misleading.