>>17
Of course capitalism exists in a nation state. It's always existed. Until recently, however, it's been considered dirty, mean, unfit for the ruling class and their ideologies. That's all.
The current problem is not an excess of capitalism. It's an excess of corporatism. Capitalists invest their own money, so they have a personal stake and reap a personal reward. Corporations gather large amounts of money from disconnected stakeholders and put them in the hands of a third party, the manager. That person's interest is often not aligned with the interests of the shareholders, because the manager doesn't have either the discretion or the caution that comes with investing your own money.
A lot of corporations have become exercises in shifting and thus avoiding blame. The structure allows for those responsible to avoid taking responsibility. The buck doesn't really stop anywhere, unless it's turning a profit in which case everyone wants credit or, in less scrupulous countries, a cut. The irony is that the same thing occurred in another institution - the Soviet Union.
The Management is to Libertarianism what the Party was to Communism. Its corruption and downfall.