We stopped being capitalist when we allowed "limited liability" to be a thing.

A "corporation" shouldn't exist within a free market. A business should have an owner, and that owner should be responsible for everything that business does. And yes, they should be responsible for any debt. Instead we have corporations that have committed actual war crimes and gotten off with a fine.

Some fool of a communist decided that corporations could be people too, and have all the benefits of being their own person and none of the downsides, like jail and execution for infecting people with HIV or suppressing free speech around the globe. Bit by bit every corner of the once free market is now dominated by these people who aren't people and suffer no consequences for their actions, run by people who aren't owners who suffer no consequences for their actions.