China has plenty of private property. But capital is not free, it is heavily controlled and managed, for the greater good ( at least in principle)Yes, more so than ever.
We are in worrying times. Once again we will mortgage our children's future to bail out old people.
You are one in a long line of people who have proclaimed that and we have never been further from it happening. Thankfully the worst excesses of capitalism have been tempered by taxation and legislation and the ultimate State imposed artificial mechanism which controls capitalism is still in place; the free market.
Capitalism being dead means that private property ownership is dead, business ownership is dead, any sort of free market is dead and freedom and self determination are dead. Is that really something you want?
People vote their way into far left governments but they often have to shoot their way out.
The Chinese used to put their economic criminals up against the wall and shoot them. They have relented a little these days, but if you are a businessman who is deemed to be putting personal gain before the well being of society, you will still face a decade or so in a prison cell.
Here the economic criminals are still lauded and sitting in their D4 mansions, laughing at you. That's just a symptom of the problem. Our democracy is a sham, the power remains with the holders of capital. But that is changing, just not sure which way it is going to go.