Floid: Yes, you have to be online while playing.
Why ?
There is simply no reason for that drm issue. I don´t think Capitalism customer are a crowd of teenies, not willing to spend little money for the game. I don´t think they would have sold significantly less caplab games, if they wouldn´t demand online connection.
gnarbrag: By insisting on the always online drm, they made sure to lose me as a potential customer and I'm sure they lose more than just me. Hating your customers is simply bad for business. It's ironic how developers of a financial sim can be so blind
I know this is an old post, but it bears being said: many many people who play Capitalism games are teachers, who use it to teach students. These teachers probably have an old CD copy of the game that they are throwing up on their webspace as just another class material. Adding DRM to a supposedly "improved and more realistic" simulation means no more teacher and 50+ students per year sharing a single copy of the game.
It doesn't work for me because I abhor DRM and especially always-online games, but in this case I absolutely understand why they do it this way.